This is deeply OS but there is more room for it to fall on the daily - however, there's a bullish macd cross. Note the candle it's bought up but big negative volume. This being BUD with its huge yield, there should be a bounce soon. We're at late 2014 levels currently and blown the 200 sma
Well, the NYSE:BUD ran the first stop at $111 and now at the second one, $102, it formed a doji. Also, the price is below the KC channel and in the extreme oversold territory. I think it is a good opportunity to long this for a price target of $110.
But wiser looks like will play side wise for a while before it breaks down for the short side. Good to keep in the upcoming short list. If you look at the angles, then from 15 degree to 30 degree and then 30 to 60 degree. I have seen stock going up to 90 degree range. But so be cautious for a new high. But more ...
BUD- Buying Option Put (Short)
Trade Logic: Head & shoulder, Money flow divergence & volume is drying up
Closing bottom half of the range & rejecting the resistance.
We are considering Only Option trade as huge risk involved with the Brexit Vote, Stock will exposes us to higher risk.
Option: Jul16 130 put, ...
4-22 Gosh, might want to think about grabbing
some buds as the green lines are a bull channel folks.
Red is resistance, blue is support that defines risk
upon an entry. No need to make it any harder than that.
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