noochboy

ABI is playing an inception move on us

Long
noochboy Updated   
EURONEXT:ABI   AB INBEV
Hi all,

this is my first idea. Don't know if it can be of any use to anyone... In case it is, then thanks for liking it ;-)

According to my (maybe amateuristic) analysis I noticed that ABI is playing an inception move on us. It actually formed a nice cup and handle, in the handle of a major cup and handle.

Further more the MA's show that there might be a slight correction towards the 80€ area. Maybe a buying opportunity?

Then it should take off again towards +- 84€ and on a later stage towards the 95€ area
Comment:
It hit the 80.70 line for the 2nd time in2 days, so confirming strong resistance.

Let's see whether it goes the way we want it to go.
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