parshotamj

ANH reaching support

Long
JSE:ANH   ANHEUSER-BUSCH INBEV SA NV
ANH has been trading in a rising parallel channel for a year now following the all time lows hit in March of 2020. The RSI is oversold and MACD is looking to cross shortly. If it bounces off the support level I think we could see a move up of 20% in the short term. The longer term picture suggests that the stock is still within a longer term descending parallel channel - which if it does break out of, could be very positive - but this would probably need the lock-down blues to be over first.

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