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
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