AB INBEV - Make it or break itAB INBEV is at a major resistance level. Following on a strike of major daily returns, technicals indicate a potential break of the resistance level. RSI index however, seems to indicate that the stock is about to break down. Additionally, fundamentals are still not strong enough to sustain a break. This is a stock with long-term potential, however, i guess a decrease to the price level of 46 is the most likely short-term scenario. However, keep an eye on the upside!
TAKEAWAY (TKWY) Big upwards potential !Takeaway just confirmed the bottom by not dropping under the channel band on the weekly.
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5
VGP euronext short ideaShort idea based on:
1. Peak of rising wedge.
2. High volume rejection candles.
3. Gaps identified.
Stoploss: Above ATH.
FYI: High time frame support levels are highlighted on the chart.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.