$BUD - WATCHLIST -
Added 2024-09-13 17:25:45 +0000 UTC$BUD is now testing the wedge top line today at $65 and has not broken out but must be on the watchlist now
We all have our opinions on $BUD and their marketing campaign that caused this to drop in 2023 but there is no denying the formation right now
Price has consolidated for 20 months in this wedge
Bill Gates has also added this to his portfolio
Fundamentals are not bad either, not cheap but FWD PE is 17 with healthy margins and a small dividend.
A breakout above $65 and hold and I would expect a move up to the blue line next at $79.
