Anheuser-Busch InBev broke from a downward sloping channel and formed what looks like a bull flag
It has now broken out of that bull flag with a target of 12400
Idea Update: ANH +28 In 3 Months - Strong Move, +28% To Recent Highs
Original idea attached.
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JSE:ANH has had an impressive run from, with the benefit of hindsight, the support level. Will it break above this level this time, to it'll swing back to the support level?
TAKE PROFIT REACHED R1023.73 and things are still looking super bullish.
We are out of this trade but will be watching it for further potential breakout patterns.
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JSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
ANH has laboured to move higher & is facing the following headwinds:
1. RSI is struggling to make a new high despite price going higher (RSI in overbought territory)
2. Each rally is being sold off around current area of resistance
Once price makes a swing high, that will be the cue to open a short position targeting take profit on a swing low confirmation below...
BUD Descending Right-Angled Broadening Breakout Potential
Wait for confirmation of old resistance to become support for continuation potential into the next supply area
The PEAD projected a Bullish outlook for $BUD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
W Formation on the daily has recently broken up and out of the neckline.
It then retested the support and bounced up, showing demand and buying is in play.
Moving Averages are almost perfect but price is still below 200MA...
Target R1023.73
With the JSE on the next up-leg, this could help boost the share price with this trade idea.
ANH can be used a case study for the practicality of the Elliott Wave principle.
The recover from the March 2020 low at R572,67 to the peak at R1111,64 unfolded as a Leading Diagonal labeled 1 to 5 for a higher degree wave (1).
The share price has since consolidated for almost two years but could the consolidation be over?
Complex corrections in the EWP, (WXY or...
Following daily.
I got a long signal with my system.
Hard TP 50.7
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
I have been waiting patiently to see if this 2-year support levels would hold and the stock has not only honored it but is bouncing off it. There is strength starting to creep into the price and I don't think you could be too far wrong buying these levels. I'm not saying chase it now but I would seriously use pullbacks to accumulate a decent size position for a...
JSE:ANH is showing signs of a potential long position based off of our momentum strategy. That means the stochastic has crossed up, the MACD has crossed up and the 3 and 15 EMA's have crossed in an upwards direction.
AB Inbev
Short Term
We look to Buy at 47.28 (stop at 46.18)
Previous support located at 47.10. Price action has posted a Doji candle and confirms a possible stall in the recent move. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Expect trading to remain mixed and volatile.
Our profit targets will be...
