$BUD.AX setting up for a push higher - $BUD #ASX
Buddy Technologies Ltd (BUD, formerly Buddy Platform Limited) is involved in the provision of solutions for customers of any size to make their spaces smarter and their occupants efficient, environmentally aware and informed. Buddy has two core businesses, its commercial business and consumer business. The...
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...
I think this is in for an uptrend with most states opening back up summer around the corner.. if your gonna own a beer company might as well be the biggest. so i would enter on a pullback to the 50 ma and watch for a break of channel resistance in week or two.
Analysts are pricing BUD @$118 (24% above current price!)
New products and hype.
OBV has been increasing steadily. But on a longer term, you can see the average volume is now lower than previous years.
BUD is breaking above a weekly resistance 50SMA.
I guess without a FED Rate cut or a tariff high five we will start to chart the recession stocks now right??
AMZN ? After it hit $1000
Trade Safe or Study more
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 then not it's time to watch and carefully prey the...
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, currently $4.40
You can check our detailed analysis...
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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For informational and educational
purposes only, these are not
recommendations, trade at your own risk.