ANH potential price path with price down to support followed by a rally? Black candles are called 'ghost feed'. Some nifty tools which I haven't tested as yet. Interesting.
A price action below 89000 supports a bearish trend direction. Crossing above this level will negate the negative stance. Further bearish trend support below 88900. Consolidation price range from 86100 to 88000. Crossing below 86100 might target 84100. Crossing above 88000 might be the first sign of pending strength. Remains below its 200-day simple moving average.
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 50%.
As always, the market does not like the quarterly. But he recognized the support and we are at the low end of the channel. The quarterly report was good, sales and volumes growing.
All three of our momentum indicators have crossed downwards on JSE:ANH . Our target level is 787, but failing that, I'm sure we will get to the previous lows at around the 805 level.
Stop loss: 912.55 Take profit: 817.92 Risk/Reward: 3 *No.1 Manage your Risk*
ANH might see a move higher i the nest coming weeks inflation and higher prices might push it to the upside
Expect wave 2 pullback to continue. Once complete will be a great buying opportunity. Will continue to monitor and post updates.
All three of our momentum indicators - stochastic, MACD and 3+15 EMAs have all crossed upwards on JSE:ANH , signaling a long position.
A price action below 90200 supports a bearish trend direction. Crossing above this level will negate the bearish stance. Downside price momentum supports the bearish trend direction. Remains below its 200-day simple moving average. RSI leaves enough room for further downside price potential. Remains a risky trade.
Disregarding today's move, JSE:ANH is looking good for a short position. If it breaks through the 855 price level, I will enter short.
AB Inbev Short Term - We look to Sell a break of 52.48 (stop at 54.15) Further downside is expected and we prefer to set shorts in early trade. A break of bespoke support at 53.00, and the move lower is already underway. We look for losses to be extended today. Expect trading to remain mixed and volatile. Our profit targets will be 48.86 and 47.38...
JSE:ANH is looking good for a long position after the strong upward move in yesterday's price action. If it continues upwards today, the long position will be triggered.
A possible M-top pattern might be unfolding. Below 86600 supports a bearish trend direction. Crossing above this level will negate the bearish bias. MACD crossover supports a change in trend direction to bearish. RSI leaves enough room for further downside potential. Remains below its 200-day simple moving average.
If support level from 24 March is broken, I think JSE:ANH could be in for a nice downward move.
The PEAD projected a Bullish outlook for $BUD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.