runyamhere

ANH Hitting Megaphone Resistance

Long
runyamhere Updated   
JSE:ANH   ANHEUSER-BUSCH INBEV SA NV
ANH price has rallied into a resistance that has restricted price from the lows. Ideally price should consolidate or move to target the support of the megaphone from which it must bounce upwards, by then RSI14 should be nearing oversold levels. This is a dip that can be bought for those who missed the early moves. However one must work with tighter stop losses when uptrend resumes.
Trade closed manually

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.