ABI Showing Bullish Signs Above EMA 200 – Potential Breakout Ahead
Anheuser-Busch InBev (ABI) experienced a significant drop in 2021, marked by a large-volume bearish candle. Since then, the stock has been gradually recovering and is now trading above the EMA 200, indicating a potential shift in trend.
Key observations:
Price above EMA 209: Suggests a bullish long-term trend.
Gradual recovery: Indicates steady accumulation.
Potential breakout: A move above recent resistance levels could confirm a bullish breakout.
Monitoring for a sustained move above resistance with increased volume could provide a strong bullish signal.
Not financial advice – just my technical analysis.
#ABI #AnheuserBusch #StockAnalysis #EMA200 #BullishTrend #TechnicalAnalysis #TradingView
Anheuser-Busch InBev (ABI) experienced a significant drop in 2021, marked by a large-volume bearish candle. Since then, the stock has been gradually recovering and is now trading above the EMA 200, indicating a potential shift in trend.
Key observations:
Price above EMA 209: Suggests a bullish long-term trend.
Gradual recovery: Indicates steady accumulation.
Potential breakout: A move above recent resistance levels could confirm a bullish breakout.
Monitoring for a sustained move above resistance with increased volume could provide a strong bullish signal.
Not financial advice – just my technical analysis.
#ABI #AnheuserBusch #StockAnalysis #EMA200 #BullishTrend #TechnicalAnalysis #TradingView
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.