Belgium: AB InBev shares resume the negativity – Analysis – 10-12-2018

AB InBev shares price confirmed its affection by the bearish bias domination due to its consolidation below 67.35 key resistance, to resume its negative attack and approach the first target at 61.50, while facing continuous negative pressures increases the chances of breaking the current barrier and opens the way to target more negative levels that start at 59.26 followed by 57.42.

Stochastic current crawl towards the oversold areas increases the chances of gathering the negative momentum, to manage to achieve the required break and reach the suggested negative target.

Expected trading range for today is between 64.20 and 59.26

Expected trend for today: Bearish