AB INBEV

ABI Showing Bullish Signs Above EMA 209 – Potential Breakout

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ABI Showing Bullish Signs Above EMA 200 – Potential Breakout Ahead

Anheuser-Busch InBev (ABI) experienced a significant drop in 2021, marked by a large-volume bearish candle. Since then, the stock has been gradually recovering and is now trading above the EMA 200, indicating a potential shift in trend.

Key observations:

Price above EMA 209: Suggests a bullish long-term trend.

Gradual recovery: Indicates steady accumulation.

Potential breakout: A move above recent resistance levels could confirm a bullish breakout.

Monitoring for a sustained move above resistance with increased volume could provide a strong bullish signal.

Not financial advice – just my technical analysis.

#ABI #AnheuserBusch #StockAnalysis #EMA200 #BullishTrend #TechnicalAnalysis #TradingView

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