Ice_

Beearish analysis of Ambev

Short
NYSE:ABEV   Ambev S.A
In the last few months, this sock has been constantly losing value as it goes, 12 months of downtrend and doesnt seem too satured just yet, maybe the 6.81 resistence will hod, but you can expect new record low levels in the following weeks, specially after January. Its not advise to enter in this stock for short-term, nor shorting for long0term, since the real value can be expected to be set at the 5.00~ level, considering the amount of market vloume and bull expectation since the beggining. Right now, its a constant loser. In the future, who knows.