Budweiser chart looks constructive
expect some Clydesdales advertising over the summer
with strong American branding!
The outrage over the recent debacle will pass as thee news cycle has already passed :)
If you haven`t sold BUD`s Double Top here:
Then analyzing the options chain and the chart patterns of BUD Anheuser-Busch InBev SA/NV prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.10.
If these options prove to be profitable prior to the...
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...
Anheuser Busch InBev is showing a very similar pattern compared to a lot of other stocks I have reviewed as of lately.
Overall clearly in a downtrend with a very significant drop.
Based off current candles, recent channel top and ema dots, I think we could go towards the green level of support for about a 5% move.
You will then look for the indicators to align...
