SteynTrade

JSE:ANH ABInbev Last Push to Overbought

Long
JSE:ANH   ANHEUSER-BUSCH INBEV SA NV
Following the bounce from the oversold line in March (See posts below) with a target of R1200. We have taken two reaccumulation steps after a shallow pullback to the latest reaccumulation range we are now ready to for a push to the R1200 target. This is also the yearly pivot point and the overbought line.

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