AB INBEV - Make it or break it
AB INBEV is at a major resistance level. Following on a strike of major daily returns, technicals indicate a potential break of the resistance level. RSI index however, seems to indicate that the stock is about to break down. Additionally, fundamentals are still not strong enough to sustain a break. This is a stock with long-term potential, however, i guess a decrease to the price level of 46 is the most likely short-term scenario. However, keep an eye on the upside!
Dagangan ditutup: sasaran tercapai
This is a good timing to close the trade. The price broke down below an uptrend channel and is likely to revert to the core direction. Fundamentally, underlying conditions will most likely improve in the next 6-months and the stock might even be able to break the Decn/Jan resistance in the next attempt.Dagangan aktif
Turned long at ~52 with a small position and added ~59 as the stock was testing the Dec/Jan resistance. Latest Q1 earnings data provided the fuel to break such level:
* New CEO previously global sales chief, Asia boss
* Q1 core profit (EBITDA) up 14.2% vs consensus 6.6%
* Sees 2021 EBITDA rising by 8-12%, revenue by more
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.