Trading Ideas

ANHEUSER-BUSCH INBEV – The Hangover



The Hangover by SchalkLouw on TradingView.com

Bad miss from Anheuser-Busch today – Q1 vs estimates

* Q1 REVENUE USD 12.59 BILLION VERSUS USD 12.77 BILLION IN REUTERS POLL

* Q1 NORMALIZED PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF AB INBEV $2.52 BILLION VERSUS $2.64 BILLION IN REUTERS POLL

Technically, the price graph is not looking promising, with a break and close below R1220, most probably lookin to test the support levels at R1550. If I was long with a short-term position, last mentioned will also be a stop-loss, with a break and close below this support only looking for support at February’s levels of R1030. Share price coming off overbought levels according to its 14-day RSI .

Schalk Louw
As Portfolio Manager at PSG Wealth Old Oak and with over 20 years’ experience in the investment industry, Schalk has consistently delivered solid returns to his clients and has certainly become one of South Africa’s most well-known strategists. He started his career in 1994 at the stockbroking company, Huysamer Stals (later ABN Amro). He joined SMK Securities in 1997, (later became BoE Personal Stockbrokers) and was later appointed as director and branch manager. In 2001 he co-founded Contego Asset Management and managed the company as CEO up to March 2014, after which he joined PSG Wealth Old Oak. Schalk has also become a regular household name with investors, with his reports being published in many of the national press. He completed his MBA in 2008.

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