Nice triangle, sideways squeeze at the minute....next few sessions will be telling. Action and depth say this one is being played very safe...
A breakout to the upside on volume should easily breach $0.275 (previous intraday high) IMO. Last 6 sessions have had very similar and steady volume, circa 2.5m. The pent up pressure on this buy/sell depth will unload to the upside if we get it.
If it closes at $0.15 or below I'll be out on the trend, but don't see it short term, has held very well despite market weakness. tomorrow will be very interesting given the DOW is about to be flogged.
Like anything, to move it needs some sort of catalyst. GLTAH.
BUD Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
