Belgium: AB InBev shares price forms strong positive attack – Analysis – 4-7-2019

AB InBev shares price faced strong positive pressures recently, to notice surpassing the initial resistance 80.35 and achieve the first correctional bullish targets by reaching 83.45, noting that the double bottom pattern increases the chances of resuming the bullish correction to expect targeting 84.60 level soon, followed by reaching the bullish channel’s resistance at 86.50.

The consolidation of the moving average 55 below the neckline 80.35 besides stochastic rally towards the overbought areas agree the bullish overview, to keep waiting to reach the suggested positive stations.

The expected trading range for today is between 82.25 and 94.60

The expected trend for today: Bullish