AB InBev shares price hinted keeping the domination of the bearish bias to take advantage of the negative situation by crawling below 50% Fibonacci correction level at 78.95, expecting to form additional resistance and increase the chances of achieving new negative targets by moving towards 74.10 followed by reaching the bearish channel’s support line at 71.50.

Also, stochastic reach to the oversold areas agrees the price stability within the bearish channel, to provide the price with additional negative momentum until reaching the suggested targets.

Expected trading range for today is between 79.00 and 74.10

Expected trend for today: Bearish