Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals
Anheuser-Busch InBev SA/NV
Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals Bullish Surge
1.Price Formation: The price has broken out from a double bottom price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a further confirmation of bullish sentiment.
3.200-day Moving Average is below the Price and just above the 21 MA.
4.Thus, Mas 7>21<200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R1290.00
Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals Bullish Surge
1.Price Formation: The price has broken out from a double bottom price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a further confirmation of bullish sentiment.
3.200-day Moving Average is below the Price and just above the 21 MA.
4.Thus, Mas 7>21<200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R1290.00
Trade closed: target reached
there is a C&H pattern breakout on this trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.