BUD Strong Potential Catch Up Play
BUD taking a monthly #RevStrat up (inside month, followed by month down, followed by month up). Trapped shorts from last month combined with natural buyers entering the new month up equals strong potential for move up.
Buyers looking to put money to work in catchup names, BUD yet to participate.
Would like to see the daily low hold. Might get another pullback to shake out the breakout buyers, but might not come back.
Will be watching closely.
Go time for now.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.