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As you can see ABEV broke the breakout line high possibility for a short tomorrow morning.
I am no professional do not be surprised if I am wrong, but with high volume, I wouldn't miss this.
ABEV is still in a long term correction, although the C Wave is looking like a sharp impulse down which could be a good short if the daily or lower; can show a correction for entry. High probability it will break the bottom. I will update the chart with future entries & stop losses & exits.
Expect ABEV to fall into the circle the next few weeks
ABEV, price target 6.60, stop near 6.30, time frame till 31st of Jan, still learning so please let me know if you see anything I can improve on.
stock will work higher to complete the pattern, then continue its downward trend. sell at target or possible short.
Strong cross here after a bounce of the support, looking to see a $5.80 by by the end of next trading week. All of this supported by a neutral stochastic with an upward trend.
ABEV had a good upward run breaking recent resistance. We think it will continue its upward run from here.
Date First Found- May 11, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Pull back to $6.10
Exit Target Criteria- Momentum
Stop Loss Criteria- $5.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
After a nice run in Jan. and Feb. ABEV is forming a bullish pendant, look for break out on large volume.
Returning to where it belongs
Big potencial. Stop $5.10
Good Opportunity :)
If stock move more down which is not very likely because of support lines, move the inter point lower.
Since 2013 the downtrend is dominant. These days we have reached upside of the trendchannel - now ist perhaps time for Action:
Could AMBEV overcome this trend (with Prices > 5,6/5,75) a resumption of the longterm uptrend can be exspected.
Should AMBEV could not overcopme this mentioned Level, the next downwave can be exspected.
In my Chart i have shown these two ...
Looks like a good swing point on the daily based on Price action, would prefer a stronger bullish candle, hence a tight stop!