$BUD - RC -
Added 2024-05-10 18:42:04 +0000 UTC$BUD has been moving in this triangle since Sept 2022 after a pretty awful marketing campaign that has delayed their impulse move by about a year and a half.
US sales continue to struggle and I believe they have lost the top spot for sales in the US now.
That being said, these sort of set backs can be recovered, as we saw on the $TGT chart.
Wave 2 also held within the 0.618 - 0.78 Fibs, so a standard pull back.
Price is above the 50 and 200 Day MA now so a breakout above the wedge trend line at $66 and holds, then this can bounce up to the blue line at $79.
Busy summer for sports ahead, which will likely help sales here somewhat.
A break down of the triangle and Wave B is waiting on the blue line at $32.
