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ASPEN PHARMACARE HLDGS LTDASPEN PHARMACARE HLDGS LTDASPEN PHARMACARE HLDGS LTD

ASPEN PHARMACARE HLDGS LTD

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APN trade ideas

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.
JSE:APN
by LD_Perspectives
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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.
JSE:APNLong
by LD_Perspectives
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.
JSE:APNLong
by LD_Perspectives