AB InBev: breaking the red resistance line
AB InBev's share price drops since a few weeks. Now we see that the share price recovers by breaking a declining line a in main indicator that follows the track of stocks. But more interesting is the positive divergence, indicating the negative momentum turns to a positive momentum supported by hammers. Nevertheless an inverted hammer can delay the advance of the share price. The first targets are the 100.95, 102.70 and the 104.43. The bulls are in the best position to begin an uptrend.
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