The Long Investor
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$BUD
🕑 Added 2025-01-14 11:51:06 +0000 UTC$BUD has broken down very harshly out of its triangle now and is making a move to the 0.78 Fib at $42 again, which was the support level held at the end of 2022.
The price is also considerably below its 200 WMA now which is at $60.
Although I am not a big fan of the brand or beer, if the 0.78 Fib is not held and the price drops to the blue Covid Low level at $32 at our Wave B spot....this would be undeniably attractive add and should merit our attention.
I will continue to monitor the $42 level.....I believe a bounce is certainly due back to the 200 WMA.
