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Loyiso_BlaqueSoros_Mpeta
2 de Nov. de 2023 10:17

$JSEAPN - Aspen Pharmacare: Short-term Double Bottom Buy Largo

ASPEN PHARMACARE HLDGS LTDJSE

Descripción

I do not have a high conviction long-term wave count for Aspen.
A quick glance at the chart shows a potential double bottom at the 16100 region.
The stock looks to have caught a bid with volume increasing from the October 26 low.

The double bottom will be confirmed by a break above 18286 but aggressive traders can buy dips below the neckline.

The double bottom price target is 20400cps and the pattern is invalidated below 16096cps.
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