Fibergeek

2017-11-19 - AB INBEV - Go long and trade the range

Long
EURONEXT:ABI   AB INBEV
The stock is currently trading at the bottom of the weekly range.
The Price of Control is currently 99.0, the stock is currently trading below this price.

The average volume (8 period) on the weekly is stable, so the area is accepted.
The same period average volume on the daily is slightly increasing as price dropped, so it looks like buyers are coming in at the lower prices.

The perfect entry would be below 96.76.