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runyamhere

$JSEAPN Hitting Double Resistance on the Weekly

Short
ASPEN PHARMACARE HLDGS LTD (JSE:APN)  
runyamhere  
JSE:APN   ASPEN PHARMACARE HLDGS LTD
Support and Resistance Parallel Channel Wedge
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supportandresistance parallelchannel wedgepattern
In week 24 we have closed our long position (see linked idea), Aspen is hitting channel resistance & 100% extension of the fib. Once price sets a swing high, we can be certain that trend reversal has started therefore a short position can be opened.

Idee correlate

runyamhere
Aspen Seeking to Push into Weekly Cycle High
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