BUD reversal begins in the next week or so...

19 พ.ค. 2023

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.

1. The stock appears to have been oversold.
   
2. Hitting the bottom of the LuxAlgo channel.
   
3. Major oscillators (e.g., MACD, RSI, etc.) appear to be cresting at their bottoms and starting their turnaround toward positive acceleration.
   
4. "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.