You must be ready for the breakNothing is certain but it consolidates for quite a while the elastic is well stretched
4BB trade ideas
Turned BullishThe stock has broken above both lightning and thunder clouds, a bearish channel (formed since 2019) and the upper boundary of an inverted head and shoulder pattern, which is also the upper boundary of a rising wedge pattern. In addition, the lightning cloud has already crossed above the thunder cloud and both Span A and Span B are heading upwards with a narrow shape. On the other hand, the future thunder cloud has already twisted to bullish and is heading upwards.
The daily RSI stands firmly above its neutrality level at 50% and is heading upwards. The MACD is above its signal line and 0-level, while the MACD histogram is broadening.
In this case, we believe the stock has turned to positive.
Budweiser Brewing portfolio of 50+ brands includes Corona $1876The 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.
