TNY appears to be trading in a bullish flag and bouncing off of the DMA which is inherently bullish.
Lots of speculation around this stock becoming involved with AB-InBev due to new BOD members.
Interesting timing considering DEA re-scheduling and federal reform in America.
Speculation is speculation, but the chart is indicating an upswing.
And the company...
JSE:ANH back below the previous resistance level. The previous long trade idea is now invalidated; our stop was hit few weeks ago at break-even.
Might be a good setup for a short position targeting R800 (a worse case scenario for the stock).
Scallop pattern has formed on the daily.
It hasn't created the pattern fully and a breakout is important to wait for.
The problem is before the Scallop there was an extended Rectangle pattern with a little range.
This box formation could take place again as companies tend to have their own trading personality.
Until the breakout occurs, it's a risky position...
It seems like there's a bit of confirmation for a potential upward move on JSE:ANH . Given the market conditions, erratic, any upward move is welcome. We might see JSE:ANH trade closer to R1500/shares. Going back below the recent resistance level invalidates a long idea.
JSE:ANH has had an impressive run since it bounced off that support level, we didn't have a position. A confirmed breakout at the resistance level warrants a long position.
JSE:ANH has had an impressive run from, with the benefit of hindsight, the support level. Will it break above this level this time, to it'll swing back to the support level?
JSE:ANH has formed a bearish harami at a resistance level. This is a top reversal signal, so I think we could possibly see a downward turn from here. If triggered, our target would be around the 87000 level.
Following daily.
I got a long signal with my system.
Hard TP 50.7
But I'll publish a dynamic SL and target. If you want to join trade, please follow my updates.
AB Inbev
Short Term
We look to Buy at 47.28 (stop at 46.18)
Previous support located at 47.10. Price action has posted a Doji candle and confirms a possible stall in the recent move. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Expect trading to remain mixed and volatile.
Our profit targets will be...
All three of our momentum indicators have crossed downwards on JSE:ANH . Our target level is 787, but failing that, I'm sure we will get to the previous lows at around the 805 level.
AB Inbev
Short Term - We look to Sell a break of 52.48 (stop at 54.15)
Further downside is expected and we prefer to set shorts in early trade. A break of bespoke support at 53.00, and the move lower is already underway. We look for losses to be extended today. Expect trading to remain mixed and volatile.
Our profit targets will be 48.86 and 47.38...
JSE:ANH has recently bounced off a strong support level and seems to be moving upwards for the time being. The stochastic and the MACD both crossed upwards on the 21st of October and the two EMA's crossed over yesterday. These are all signs of upward momentum. I think we can see a move to at least the 90000 resistance level.
168 = Tsingtao Brewery Group
600573 = Beijing Yanjing Brewery
SPX = S&P 500
CARL = Carlsberg Group
HEIA = Heineken N.V
TAP = Molson Coors Brewing
ANH = Anheuser-Busch InBev --- owns Corona beer brand
(This list excludes mixed drink companies like Diageo (DGE).)
As can be seen in the chart above, the US and European brands all significantly underperformed the S&P...
AB INBEV has recently broken below a key level of support.
after a retest, the price shows its unwillingness to go higher.
I believe that now we can expect a bearish continuation with you,
taking into consideration a long term bearish bias.
key levels to consider:
63.0
57.0
Please, support the idea with like! thank you!
the MA15 and 50 were already strating to go closer together the last 2 weeks and after the red day on the BEL20 index last Friday they finally crossed.
Last time this happened a correction came, so I expect the same to happen now.
Looking at the fibo levels we might go to the 85-86€ level
AB InBev's share price drops since a few weeks. Now we see that the share price recovers by breaking a declining line a in main indicator that follows the track of stocks. But more interesting is the positive divergence, indicating the negative momentum turns to a positive momentum supported by hammers. Nevertheless an inverted hammer can delay the advance of the...
