AG Capital -Storm trading Morning Call 20 SeptemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
APN trade ideas
AG Capital -Storm trading Morning Call 17 September 2021 We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Update #2: Aspen Pharma - Using These Highs To Further ReduceFor traders who held onto APN, it's been a great medium term trade. Our initial long at R147.14 on 14 April and then follow up long at R163.58 on 28 May.
Recently (16/08) I mentioned using the highs of 18692c to reduce some (40% of position).
Today, at 22000c, it may be prudent to use these highs to continue reducing (potentially another 40% of the medium term trading position).
The two original ideas as well as the recent update has been attached.
Well-done to all who got aboard this move.
For more insights and real-time trading ideas, whether retail/individual or industry professional, get in touch today.
AG Capital -Storm trading Morning Call 10 septemberWe give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 3 September
We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Aspen Moves to the higher boxThe stock tested the doors of the higher R189 – R200 box on Friday but closed back below R189. Today it moved decisively into the higher box
Long idea on APNPrice action of keeps breaking to new highs. There have been quite a few opportunities to buy in previous weeks but fortunately for buyers there is triangle setup forming for yet another long opportunity. Remember bull-markets don't last forever. LT Limit @26500 will be adding to this trade at 20400. Always remember to manage your risk.
Aspen Pharmacare: Using These Highs To Trim (Some)For clients who held onto APN, it's been a steady medium term long. Initially at R147.14 on 14 April and then follow up long at R163.58 on 28 May.
At these highs of 18692c, I think medium term traders could trim (say 40% of position) or raise raise stop losses if you think more gains are at hand.
Anyway, I'm a fan of using sunny days to sell...or reduce in this case.
AspenRounded bottom technical structure on the weekly chart which can target up to 265; but I'm calling it 240/250.
*Year end results expected on on 1 September.
Aspen on the go, with a free run way to 24500cLooks like Aspen is on the go. It has an open run field to R245
#ASPEN - Onwards and upwards"History does not always repeat but it often rhymes"
One can notice the common thread in the price action... long bias while the trendline is intact
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Aspen back movingAspen is moving again. Perhaps the president's address on vaccine was the needed catalyst.
Adding to the position
APN rangeAPN been trading in a range for a while now. I will be looking for weakness to R160 - R157 area to buy and then sell around R167 level.
Trade ideas are my own and not financial advice.
APN rangeAPN trading in a small range between R160 and R167. My preference to buy weakness to support around R160 - R161 and then sell into resistance around R167. A break higher we can see possible targets of R170 and R175.
Trade ideas are my own and not financial advice.
APN - Ascending TriangleA close above R167.50 triggers the long idea. With full target at R177.50. Stop loss will be below R160.
Healthcare Strong - Aspen Pharmacare: Clearing Overhead SupplyA few weeks back in my research report I mentioned the healthcare sector as having lagged and that are setting up well, emerging from multi-month bases.
In the past few weeks we also highlighted setups in NTC (daily) and MEI (updated the Monthly view).
So far this morning the price action for the sector has been quite strong hence I'm reiterating APN as it gradually moves higher.
Attached are the previous ideas for APN, LHC and MEI.
Technical Trade Setup: Aspen PharmacareWatch-list: Aspen Pharmacare is trading within an upward channel and has been in a 1-month consolidation near multi-month highs. Here, there are two key levels that I am focused on: (1) the overhead supply at 16715c, which could be seen as part of a rectangle (line 1_2) and (2) the ultra short term downward trend line that connects the most recent peak of 18-May (line A_B). Traders could prepare themselves for a potential break of line A_B, which would trigger a channel continuation. We will monitor this during next week.
We previous had the name as a long at R147 on 14 April (see attached) and discussed the weekly/monthly charts our client research report.
Long ideaon APNSo if you missed the initial entry using the IHS pattern earlier in this trade, here is an opportunity to initiate a position from the breakout of this ascending triangle . The weekly EMA200 is directly overhead so one could wait for price to close firmly above the WEMA200 before taking a long. The 16600 level seems to be prior resistance looming overhead. Always apply proper risk management.
Long idea on APNSo if you missed the initial entry using the IHS pattern earlier in this trade, here is an opportunity to initiate a position from the breakout of this ascending triangle. The weekly EMA200 is directly overhead so one could wait for price to close firmly above the WEMA200 before taking a long. The 16600 level seems to be prior resistance looming overhead. Always apply proper risk management.
Long ideaon APNThe is bullish sentiment on SA inc. A nice IHS forming here in APN. Best be patient and wait for the setup to complete the right shoulder before taking a long pos.
ASPEN - Bullish Pennant patternJSE:APN has formed a beautiful bullish pennant pattern and is looking good for an upward move. If it breaks out the top of the pennant we could see a move towards the high formed in June 2020.
