A price action below 89000 supports a bearish trend direction. Crossing above this level will negate the negative stance.
Further bearish trend support below 88900.
Consolidation price range from 86100 to 88000. Crossing below 86100 might target 84100.
Crossing above 88000 might be the first sign of pending strength.
Remains below its 200-day simple moving average.
The PEAD projected a Bullish outlook for $BUD after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
As always, the market does not like the quarterly. But he recognized the support and we are at the low end of the channel. The quarterly report was good, sales and volumes growing.
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.
A price action below 90200 supports a bearish trend direction.
Crossing above this level will negate the bearish stance.
Downside price momentum supports the bearish trend direction.
Remains below its 200-day simple moving average.
RSI leaves enough room for further downside price potential.
Remains a risky trade.
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 is looking good for a long position after the strong upward move in yesterday's price action. If it continues upwards today, the long position will be triggered.
A possible M-top pattern might be unfolding.
Below 86600 supports a bearish trend direction. Crossing above this level will negate the bearish bias.
MACD crossover supports a change in trend direction to bearish.
RSI leaves enough room for further downside potential.
Remains below its 200-day simple moving average.
The PEAD projected a Bullish outlook for $BUD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
Immediate targets 58, 52, 47. Invalidation at 95.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
A bullish engulfing candle has formed on JSE:ANH . This is a bullish reversal signal so I think we could be seeing a nice upwards move from here right up to the resistance levels from mid January.
Looks like a Head and shoulder pattern developing which will be confirmed by a break of that 890 support/neckline.
Technically there still remains a gap at 858 that was never closed. These technical gaps usually (eventually) close.
Measured target of the H&S pattern is 750!
