After a recent adjustment downwards, the share appears bullish in the short run for the following reasons:
1. Stoch RSI is oversold
2. MACD indicates start of upward momentum
3. The South African alcohol ban has been lifted, although the share price has not previously been largely affected by the lifting of the previous bans
4. Share price is sitting below the MA and close to the bottom of 1 standard deviation band
1. Stoch RSI is oversold
2. MACD indicates start of upward momentum
3. The South African alcohol ban has been lifted, although the share price has not previously been largely affected by the lifting of the previous bans
4. Share price is sitting below the MA and close to the bottom of 1 standard deviation band