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Beer

Looking for signs of a reversal - Close to double bottomAnheuser-Busch InBev is the leading global brewer and one of the world’s top five consumer products companies. The company is geographically diversified, with a balanced exposure to developed and developing markets. It draws on the collective strength of approximately 200 000 colleagues in more than 50 countries worldwide. It hasn't been a great two years for Anheuser, after their merger with SABMiller in Oct 2016, in terms of their share price but they have the largest market cap on the JSE at the moment. They have big plans in terms of expansion on the African continent with production having started in Nigeria already and plans to open their first brewery in Mozambique next year as well as talks of closing a deal to build a brewery in Tanzania. A total shipment increase of more than 20% was recorded in the region for 2017 so it stands to reason that the 2018 figures will be promising as well. This combined with the expansion plans, leads me to believe that longer term investment will yield good returns. Let's have a look at the technicals. Daily (blue): We only have 2 years of history here but the setup looks good for some movement to the upside. According to my analysis, we are in wave 4 on the daily time frame. Price is trading close to previous lows so I am on the lookout for signs of a reversal which will indicate the next move up on wave 4. H4 (green): With price trading very close to the previous low and coming off the bottom of the larger daily structure, I believe that wave 3 on the H4 time frame will start soon. I will be looking to trade wave 3 back to the top of the daily structure. AT that point I will need to look for confirmation of a break to the upside on the daily structure or alternatively a move down to complete wave 5 first.
JSE:ANHLong
by Linton_White
S&P 500, Time to GTFO?Buy volume since the beginning of the year has dramatically decreased (#1), and price pressure is showing a bearish divergence (#2) in the third screen . At first I was somewhat confused how price was attempting to breakout again- facing a strong resistance area (previous ATH set in Jan), while buy volume has decreased a lot compared to the volume of buying seen in Dec-January time roughly 8 months ago, which was S&P500's buy volume when it reached it's all time high price (ATH). This baffled me months ago. However, recently it was disclosed through varies media sources(1), that companies have been buying back their own shares at a remarkable amount. This action was conducted in hopes of maintaining current high evaluations. The specific reasons could range anywhere from: A) The bull market run we have seen for the past two years, shortly after Trump was elected(2) is starting to slow down and head for a correction or is trying to maintain itself until a series of new buyers enter in. B) Uncertainty of the markets direction with regards to policies and regulations due to upcoming midterms(3). C) A natural Sector Rotation taking place(4). Upon reviewing all the information currently available it is my believe that the only thing keeping the stock market afloat right now are the corporate buy backs. (1) Media Sources: www.cnbc.com , www.cnbc.com , www.cnbc.com , money.cnn.com (2) Markets are driven by various key factors, one primary factor being confidence. Trump being the 'Big Money' President once elected officially into executive office has clearly generated market confidence once again within the US Market. Running on a platform the promised economic Tax Cuts for the citizens of U.S. and Corporations combined with a promise to decrease rules & regulations, thus providing corporate america with more flexibility. (3) The Democratic party which could potentially win the majority in either or both the House & Senate in the upcoming months may have the markets worried. This worry could stem from the Democratic platform of wanting higher minimum wages, more taxes towards corporations, and/or changes in regulations which could potentially impact corporate america. (4) Sector Rotation is the act of moving one's profits made in one area of the market, for this example let us use Nasdaq which is primarily composed of Tech companies (Nasdaq is also suffering same problem as S&P 500, albeit to a different degree) which have witnesses a great price increase the past few years, to areas in the market that haven't such as singular Energy corporations. The act of 'profit taking'. Money never leaves the market, it is simply re-invested into areas with higher earning potential. *I do understand that I have compared an Index to a singular, that said it was merely to explain here in very basic ideas what sector rotations is*
SP:SPXShort
by FG_Obelisk
3
(1D) AUDUSD Big ShortAs you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol) Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered: - Break of blue line invalidates the idea - Break of the white line is your conservative entry - Red arrow shows general direction, not exact time and price - Hold on to profit, not hope Sorry for being gone for a while. I was on a cruise.
Short
by Renforex
14