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...
The Budweiser Brewing Company APAC Ltd (Budweiser APAC), whose portfolio of more than 50 beer brands includes Stella Artois and Corona.
Good chance of breaking out of this downtrend channel today or this week.
Worth adding to your watchlist.
