Bad miss from Anheuser-Busch today – Q1 vs estimates
* Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL
* Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL
Technically, the price graph is not looking promising, with a break and close below R1220, most probably lookin to test the support levels at R1550. If I was long with a short-term position, last mentioned will also be a stop-loss, with a break and close below this support only looking for support at February's levels of R1030. Share price coming off overbought levels according to its 14-day RSI.
* Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL
* Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL
Technically, the price graph is not looking promising, with a break and close below R1220, most probably lookin to test the support levels at R1550. If I was long with a short-term position, last mentioned will also be a stop-loss, with a break and close below this support only looking for support at February's levels of R1030. Share price coming off overbought levels according to its 14-day RSI.