BUD reversal begins in the next week or so...
Though I wish it weren't so, the chart makes me believe that BUD will have a reversal that begins within a week or two.
Initial price level of $61.70 in mid-June, with $61.81 and $62.88 tests around late-June/early-July if $61.70 level is forcefully broken.
Initial price level of $61.70 in mid-June, with $61.81 and $62.88 tests around late-June/early-July if $61.70 level is forcefully broken.
- The stock appears to have been oversold.
- Hitting the bottom of the LuxAlgo channel.
- Major oscillators (e.g., MACD, RSI, etc.) appear to be cresting at their bottoms and starting their turnaround toward positive acceleration.
- "Woke" whales still have a vested interest to do what they can to keep the soon-to-be zombie corp from failing quickly, so they will try and save it.