Trade AB Inbev with Unum Capital.
To get started, email lester@unum.co.za
Summary: The long-term outlook (5 to 8 weeks) for ANH indicates aggressive buying but with a caution against chasing the price. Traders should look for overshoots or failures to hold prior session range highs to potentially short-sell back to the 8-EMA. The medium-term (2 to 4 weeks) also shows aggressive buying, but advises waiting for a pullback to the 8 or 21-EMA for entry or shorting if the highs fail to hold. In the short-term (1 to 10 days), buyers are in control, but there's weakness on lower time frames. A pullback to the 8 or 21-EMA is suggested for a buy opportunity before a potential move higher.
Q: What is the overall trend? Aggressive buying in both the medium and long term.
Q: What is the current 7-day trend? Strong
Q: What is the current 14-day trend? Very Bullish
Q: Is there any opportunity for a short-term buy/long position? Yes, look for a pullback to the 8 or 21-EMA (buy range) before the next move higher.
Q: Is there any opportunity for a short-term sell/short position? Potentially, if the highs fail to hold, then short back to the 8 or 21-EMA.
Previous Post (05 March, End of Day): Trading Anheuser-Busch Inbev: Overbought In The Ultra Short Term
Price Action model reading as of yesterday's close:
Very decent run (+12%) from the automated trigger (see second and third chart below with time-stamped readings!)
Also, see both the Short Term (1 to 10 day) and Long Term (5 to 8 week) reading.
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