Belgium: AB InBev shares price keeps the positive stability – Analysis – 16-7-2019

AB InBev shares price was forced to form correctional bearish rebound to notice approaching the minor bullish channel’s support line at 76.30, while the bullish scenario depends on the strength of this support to confirm its preparation to renew the bullish attempts and assure the importance of jumping above 79.00 level to ease the mission of recording the positive targets at 80.75 followed by reaching 83.80 levels again.

We notice stochastic attempt to exit the oversold areas, to confirm getting rid of the negative pressures and provide the price with new positive momentum to support the bullish overview for the medium term and medium term period.

The expected trading range for today is between 77.00 and 80.75

The expected trend for today: Bullish