runyamhere

ANH Hitting Megaphone Resistance

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JSE:ANH   ANHEUSER-BUSCH INBEV SA NV
ANH price has rallied into a resistance that has restricted price from the lows. Ideally price should consolidate or move to target the support of the megaphone from which it must bounce upwards, by then RSI14 should be nearing oversold levels. This is a dip that can be bought for those who missed the early moves. However one must work with tighter stop losses when uptrend resumes.
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