APN trade ideas
JSE:APN Aspen Markup to R200?Following Aspen move to the overbought line in a downward trend, we have now seen a backup (BU) and a markup seems to have started that could take us to R200 and a test of the overbought line. We have been following this move up for some time.
Aspen analysis Aspen had a positive week with a good rebound at R 107. This seems to be a good support line as the price is struggling a bit to go below this point. Currently sitting at R121, this could be a welcomed reset as we can expect the price to approach support again possibly in the new week depending on market sentiment overall. On the business end Aspen seems to be doing quite well, and we are certainly hoping this does reflect soon in terms of share price. From 105 to peak of 154, would yield a healthy 46% return which has a good chance of being realized in future. For now its a hold and those wanting to buy in would probably watch to see if a pull back is on the table.
ASPEN - strong upward moveJSE:APN is showing great signs of a potential upswing. The stochastic, MACD and Exponential Moving Averages are all confirming this move.
Aspen Analysis Aspen with a strong rebound respecting the down trend support. Although its above the 105 support line, it can be expected it might dip below this point again. I feel in terms of long term portfolio growth a Pharma company is essential and this can be one big hitter when full year results are published especially considering the year they have had. Before the downtrend i let go of half of my holdings and i feel now is probably a decent time to start investing back into Aspen. This is a long term hold by the way. The current rally could be short lived and we could see a pull back soon. Although I am hoping that sooner or later we can go back to R140 price range.
APN - REACHING A CRITICAL SUPPORT LEVELAPN's weekly RSI is entering the oversold region and I am hoping for a turnaround from these levels. The fundamentals of the company have not changed and the share is well priced at these levels. Some traders believe it will go down to R100, though.
$JSEAPN downwards pattern$JSEAPN downwards pattern is forming for Aspen it could be a long above the resistances.
update on $JSEAPNJust hit the support area again, lets see if it move to the upside to the 50 SMA again.
$JSEAPN - Looking weakAspen has possibly found some minor support around 127.28, but I think this one could head lower to test lower end of yellow TL (around 116)
update on $JSEAPN $JSEAPN puts out a sneaky Sens before earnings pumps up the share price, then cracks it back down with an average set of numbers.
APN finding ResistanceAPN
factoring in sale of assets for 12.6B not taken lightly by markets
share bouncing off resistance levels
possible short term pullback only
will have to wait and see
$JSEAPN Big gap up on the upside, day before results.$JSEAPN has release a sens this morning, the day before results on Divestment of Aspen’s European Thrombosis Business to Mylan and Withdrawal of Cautionary.
Not sure what is driving the difference Aspen said the positive demand trends for Sterile Focus Brands used in the clinical management of Covid-19, the stockpiling of everyday healthcare products, and the advanced filling of prescriptions by consumers positively effected performance during the early and peak periods of Covid-19 infections across several regions.
“These positive trends were more than offset by a decrease in demand as stock levels normalised, delays in the recovery of elective surgeries in most regions and reduced infection rates in non-Covid-19 communicable diseases due to social distancing,” Aspen said.
I am not sure if this is sustainable
With the trading statement out this morning $JSEAPNWith the trading statement out this morning $JSEAPN, with good news, the share is moving higher. With earnings will be release on the 9 September
ASPEN - Long Idea- Price coming off oversold level on daily stochastics
- A better entry will be close to the breakout level of R135
- Bull flag break target could be possible target , i prefer to take my exit once trend changes / price action confirms as one never knows how far a trend will go for.
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:APN
