Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals
Anheuser-Busch InBev SA/NV
Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals Bullish Surge
1.Price Formation: The price has broken out from a double bottom price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a further confirmation of bullish sentiment.
3.200-day Moving Average is below the Price and just above the 21 MA.
4.Thus, Mas 7>21<200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R1290.00
Brewing Profits: Anheuser-Busch's Double Bottom Breakout Signals Bullish Surge
1.Price Formation: The price has broken out from a double bottom price formation on a daily chart.
2.Moving Averages: The 7-day moving average (MA) is above the 21-day MA, which is a further confirmation of bullish sentiment.
3.200-day Moving Average is below the Price and just above the 21 MA.
4.Thus, Mas 7>21<200
5.Relative Strength Index (RSI): The RSI is > than 50, indicating bullish momentum and potential further upward movement.
6.Price Target: R1290.00
Trade closed: target reached:
there is a C&H pattern breakout on this trade