Can BUD recover? LONGBUD trended down in the social media fiasco until June 1st and then reversed.
Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st
on the one hour chart, BUD is crossing over VWAP lines from below and is now
approaching the mean VWAP at 59.25. It could make a bullish move and cross the
mean VWAP or it could bounce down if short sellers dominate buyers and longs closing
their positions. The dual time frame RSI shows both low time frame and high time frame
strength over 50. The three in one indicator shows money flow and momentum to also
be bullish. My call options expiring 12/15/23 striking $55 are up 23% since July 1st. This
is reasonable unrealized profit for the risk taken. I see BUD with more upside potential
than downside risk. I will take more call option contracts for $65.00 at a premium of
$195.00. they have appreciated 15% in the past 24 hours. This is a conservative low beta
low risk options trade. Buy low, sell high !
