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RossLarter

APN possible turning point

Singkat
ASPEN PHARMACARE HLDGS LTD (JSE:APN)  
RossLarter  
JSE:APN   ASPEN PHARMACARE HLDGS LTD
Trend Analysis Support and Resistance jse ALSI ZAR southafrica aspen aspenphamacare
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trendanalysis supportandresistance jse alsi zar southafrica aspen aspenphamacare
APN has reached quite a significant resistance level which could mean a change in direction to the downside. I will keep an eye on this one to see if it breaks through the resistance and continues upwards. If so, I will enter long.
My outlook is bearish, however, and I anticipate that it will fail to break through and turn downwards for a short. As always, I will wait for confirmation before entering either way.
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