Ambev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the...
The PEAD projected a Bearish outlook for $ABEV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
Ambev S.A. produces, distributes and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada.
Revenue TTM 15.6B
Net Income TTM 2.8B
Net Margin TTM 18%
Margin EBITDA TTM 28%
Total...
The PEAD projected a Bullish outlook for $ABEV after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 40%.
And likely dropping in value. B Wave with B wave of a grander consolidation pattern. DMX, RSX support this notion. It is ironic that the majority of our positions are shorts. Could this be a canary in the coalmine for a major collapse on the equity markets in the first half or a third of next year?
We are not in the business of getting every prediction right, no...
Oversold (?C Wave) now coming back again. We are locally bullish on this one. It's still early days of general correction on this one. And like all that has come up must come down, all that had dipped south too fast must rise up again. We are betting on this to be the case here.
We are not in the business of getting every prediction right, no one ever does and...
Gaining momentum in the opposite, and divergences present. Plus, and most importantly, fractally it makes a lot of sense right about now.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to...
Asset and Time frame -ABEV,Daily and Weekly
Entry Price -3.21
Exit(Stop Loss) -3.09
Exit(Take Profit) -3.66
Technical Analysis -Price has been going in an uptrend channel for a very long time and reached the median line as a support line, also to back up the support, there's the daily 100 MA and the weekly 100 MA, so a lot of support for a short stop loss, this...
Im looking at this chart and really liking its strength. fantastic momentum while maintaining in a high level of suppistance curves. Looking for a breakout in the near future. Probably will add a position in the near future if it drops to below 3.7$. PT>5$
AmBev is a brewing company that produces, distributes, and sells beer, carbonated soft drinks, and non-alcoholic and non-carbonated drinks.
- 14-month base breakout.
- Available as an ADR on the NYSE.
- Last Close: $3.46
AMBEV (NYSE:ABEV) broke out to new highs Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week. Buyable on any pullback to pivot.
