ABIN trade ideas
BUD Strong Potential Catch Up PlayNYSE:BUD taking a monthly #RevStrat up (inside month, followed by month down, followed by month up).
Trapped shorts from last month combined with natural buyers entering the new month up equals strong potential for move up.
Buyers looking to put money to work in catchup names, BUD yet to participate.
Would like to see the daily low hold. Might get another pullback to shake out the breakout buyers, but might not come back.
Will be watching closely.
Go time for now.
My best $BUDGoing in on some 6/19 $65 calls
Not much TA here but this could be good play from a stock that hit its all time low. It was sitting this low in 2009 after the crash. Bars, restaurants, and stadiums are all closed but people are going to be drinking away the pain still. Expect beer sales at grocers to skyrocket. Beer delivery has also been implemented.
JSE:ANH AB Inbev Uptrend in a DowntrendAB 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.