ANH Potential Break Upside
runyamhere Pro Updated
JSE:ANH ANHEUSER-BUSCH INBEV SA NV
ANH has formed a bullish flag below resistance from 2017 through 2019, it has good prospects of breaking to the upside. A good entry point is when a swing low forms on the daily time frame or when price closes above the blue trendline. A stop loss can be guided by price going below 24 November as this would indicate trend is gaining momentum to the downside.
A good run by ANH, now overbought up to the monthly timeframe. This point is good to harvest profit (50%), stand back & assess how the cycle unfolds.
Trade closed: target reached