Belgium: AB InBev prepares for strong decline – Analysis – 17-9-2018

AB InBev shares price continued to fluctuate within the bearish channel, to notice its stability below 50% Fibonacci correction level at 79.00 recently, also, stochastic reach to the oversold areas increase the chances of gathering strong negative momentum to confirm the preparation to build strong negative attack to target 74.10 followed by reaching the bearish channel’s support at 71.00.

Expected trading range for today is between 78.50 and 74.10

Expected trend for today: Bearish