Anheuser-Busch Inbev (ANH) | The share has consolidated for just over 3 weeks with the structure having developed a rectangle pattern where the price closed above the resistance. The technical indicators suggest strength however from a short term trading perspective we would like to see the price remain above R1070 as evidence that a trend continuation is at hand. Note the price above a rising 20-day EMA (positive development).
This chart forms part of a large research note.
This chart forms part of a large research note.