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