Below are 2 weekly charts over 20+ years and the second over 10 years showing the breakout.
The breakout happened at the week ending 29 May 2020 at around R136-00. It went up to R150-00 and came back to test and successfully did so in the week of 8/6/2020 and confirmed the breakout last week by closing at R143-00.
This is an extremely bullish situation, especially because it has changed to bullish on the 2nd of June 2020 by my program, and breaking a major sellers' resistance of more than 5 years in the same week.
Aspen is a typical defensive stock and here you can see that the correction in March was not the bottom of its bear trend, but this actually happened last year in August. This is typical of defensive stocks to recover first in the new market or interest rate cycle.
With this breakout and resistance level broken, I expect this sharp upward trend to continue and to break the resistance line on the 2nd chart, and continue to the high levels made in 2015, at R440-00. I also expect this to happen at a pretty rapid pace.
Only time will tell, but this is now the Nr 1 share on my program and even outperforming the best on the NYSE and Nasdaq.