runyamhere

ANH Rings The Bell, Yearly Decline Begins

Penjualan
runyamhere Diupdate   
JSE:ANH   ANHEUSER-BUSCH INBEV SA NV
ANH recent price action had price going below 12 June 2023 price, this represent a failed weekly cycle signalling that price is ready to decline into a yearly low price. We see price being rejected at the upper resistance. It is important to note that we have a pennant that is near resolution, it can break either way, if to the upside this can give short sellers a higher point of entry. The expectation is that price will visit the lower pink support line, if we follow timing of previous cycle, we can find a bottom in Feb/March 2024.
Komentar:
Though we are in yearly decline, there is a possibility we have seen a short weekly cycle that can potentially reach a double top. Short must be aware & can possibly cut the short position.
Komentar:
Price indeed confirmed a short weekly cycle & is reaching a level we expect price to be restricted.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.