Aspen is a global specialty and branded multinational pharmaceutical company with a presence in both emerging and developed markets. The company focuses on marketing and manufacturing a broad range of post-patent, branded medicines and domestic brands covering hospital and consumer markets through key business segments, and supplies products to more than 115 countries.
Technically, a developing symmetrical triangle pattern makes the share attractive as an investment opportunity (see the black converging trendlines as well as the insert on the main chart).
The pattern is formed by two converging trendlines, where the price creates a series of higher lows and lower highs, resulting in a triangle-like shape. A symmetrical triangle that appears in a previous uptrend …