APN trade ideas
ASPEN - Still in the ambush zone- APN has been consolidating within the 0.5-0.618 retracement zone of the last leg up ...
- A break and capture of either 218 (long side) or 202 (short side) will open up another trending move
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Aspen Pharmacare - R230 Target ExceededAs stated on 11-Nov (see attached): "PROVISIONAL level of interest 20400c to 21200c for a swing buy to re-test near the pivot or back up to the 23000c zone."
Found support exactly at the 0.618% retracement level.
Now trading around R237.70.
May find MODERATE resistance R239-242.
For more insights and real-time ideas (most time frames), get in touch today.
Aspen Pharmacare: Now Down R30Now down R30 from my recent 'final' sell on 29 September (day of year-to-date peak) at 27341c.
Timeline below, with (recent 'final' sell attached, and all other buys/sell attached to that):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more real-time insights and trade ideas, get in touch today.
Update #3: APN. Using Strength To TrimNow trading 27341c
A update from my Q2 medium term buy/long idea. Using strength to trim. I will revisit this as a long on a pullback (level to to be determined).
Timeline below, with (all original updates attached):
14 April - Long Idea
28 May - Long Idea
16 August- Reduce 40%
10 September - Reduce next 40%
29 September - Reduce remaining 20%
For more real-time insights and trade ideas, get in touch today.