Its Cold Short BeerPerfect Target is at Red block for short entry
SAB still shaky as we head into Winter
BUD trade ideas
JSE:ANH ABInBev Following the TrendABInBev has been keeping to clear trend channels within a larger downward stride. With a break of the upward stride and rejection of the overbought line of the larger downward stride, we can possibly see a new downward trend starting.
The HangoverBad miss from Anheuser-Busch today – Q1 vs estimates
* Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL
* Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL
Technically, the price graph is not looking promising, with a break and close below R1220, most probably lookin to test the support levels at R1550. If I was long with a short-term position, last mentioned will also be a stop-loss, with a break and close below this support only looking for support at February's levels of R1030. Share price coming off overbought levels according to its 14-day RSI.
$JSEANH - Beginning of more Froth or heading for a Trough?So confession time – this will be the one that got away for me in 2019 thus far. What’s not to like about the product?
Great recovery coming from $JSEANH since the start of 2019, bring the price at a point where investors need to be sober and alert. Currently, at year-to-date performance of 31.5%, ANH finds itself at the top of the diagonal parallel channel. The price broke for a brief moment, but find itself back into the channel. The company is still overbought according to its 14-day RSI, but watch out for that Golden Cross.
A pullback could see the price test resistance at both the 50-day & 200-day moving averages (R1180). A break and close below this level, could see a test of the diagonal resistance line (GREEN) at R1140. If I was long (and again, sad to say…I’m not) this will be my stop-loss, with a breakthrough these levels most probably creating one hell of a hangover & a test of 26 February’s level of R1030. Investors should also monitor any excessive Rand movement.
On the upside, Thomson Reuter consensus target price for ANH is currently R1336, which indicate still some possible upside fundamentally. Should ANH finally break and close above these R1250 levels, September last years (2018) level of R1345 become my next target, which coincide with the consensus target prices.
Larger IHS in the makingLarger IHS in the making following the release of results today. Break above R1110 targets R1288
$JSEANH AB Inbev forming and inverted head and shouldersBreak of 11100 neckline will open 12100, 12900 targets
$JSE-ANHJSE:ANH
Made inverted head and shoulders and broke above neck line. Unfortunately break was stopped by resistance at 118000
Currently making small flag consolidation.
Break above 118000 will open 129000 as target for head and shoulders.
Pull back towards neckline around 111000/112000 area would be great place to buy.
BUD: Breakout Testa e Spalle di InversionePer il mio percorso Trading per Beneficenza (trovi i video sul mio canale youtube), oggi segnalo questa azienda che ha appena rotto un Testa e Spalle di inversione.
ANH long Break of downward sloping resistance line, with a re-test bullish hammer candle - combined with RSI divergence. Long.
BUD: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Budweiser Starting a New Run?Double Bottom, looks oversold and will revert to the mean at around $90 sometime in early March.
BUD Base Building Long SoonBEER
I guess without a FED Rate cut or a tariff high five we will start to chart the recession stocks now right??
Soon
Recession Stocks
WMT
MCD
T
KO
PEP
BUD
DG
DLTR
GIS
AMZN ? After it hit $1000
Trade Safe or Study more
