Boycott Consolidation Range Breakout
Following the boycott of Anheuser-Busch's Budlight, it dropped initially, then went sideways from there. The consolidation range is now broken and I believe it is going down.
Seeing social media, I don't see this boycott ending anytime soon, many people choose not to drink the beer for life. A few extend on to boycotting other Anheuser-Busch products too. Budlight alone makes up about 16% of the company's global revenue and more than 20% in the US specifically just for context.
Seeing social media, I don't see this boycott ending anytime soon, many people choose not to drink the beer for life. A few extend on to boycotting other Anheuser-Busch products too. Budlight alone makes up about 16% of the company's global revenue and more than 20% in the US specifically just for context.
Note
57.0 is a potential target with 200 MA. But I don't think I will be taking profits so soon.
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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.