ABI long is doing quiet Good, if stock not moving above the 110.47 quickly will be time to take profit...if we break targe is still ...target is still around the 113 levles
From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: 05/02/17 14:21:14
Subject: Fwd:>>> AB Inbev - Interesting Chart configuration
* Stock is trading today above its 200d MA - first time since Nov 2016* Stock has underperfomed SX5E by 3.9% YTD / by 16.80% on 52w., Underperformed SX3E by another 3%* Beverage continue to Underperform the broader market but communications from integration & Synergies from SAB Deal could help the performance* 2017 Highs have been tested and broken today (103.12 - we traded up to 103.20)* Stock opened with a gap today ( 101.82/102.80) if they close above the 200d MA (102.30) could see an acceleration to check higher levels* 106.87 (3.8% higher) is the first level we should check on the upside - with an extension the 108 levels* Support is the 50d MA (100.84) and the bottom of the range where we trade 100.34.* Stock is trading Ex Div today and Reporting on Thu. 4th of May.I will buy the stock to play a bounce from here.See a quick chart below :