BUD trended down in the social media fiasco until June 1st and then reversed. Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st on the one hour chart, BUD is crossing over VWAP lines from below and is now approaching the mean VWAP at 59.25. It could make a bullish move and cross the mean VWAP or it could bounce down if short...
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. Follow to not miss a trade idea.
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 might see a move higher i the nest coming weeks inflation and higher prices might push it to the upside
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.
Following the bounce from the oversold line in March (See posts below) with a target of R1200. We have taken two reaccumulation steps after a shallow pullback to the latest reaccumulation range we are now ready to for a push to the R1200 target. This is also the yearly pivot point and the overbought line.
Following the post in March (See below), we are still holding for a test of R1200. There has bee a pullback after a reaccumulation range on lower volume and we are looking for a push higher to complete.
AB Inbev has been trading in a defined downtrend. However, price has reached the oversold line and a volume spike indicates supply. A reaction of the trendline indicates the start of a potential uptrend in the downtrend. The potential is to take us back to the yearly pivot point and oversold line which could take us back to R1200.