EAST AFRICAN BREWERIES PLC
Long
Aggiornato

inflection point?

141
EABL has been in a decade-long downtrend. however, we appear to on the cusp of a change in trend.

the next few days will prove pivotal. in the event of a breakout, we forecast a 20% upside to the 180-190 KES region - resistance level. we are of the view that the sky is the limit, though we expect sizable pullbacks at various key resistance areas.

this will take some time to play out.
Nota
June's monthly candle closure has extended the timeline for anticipated move for weeks if not months. we remain on the sidelines for now.
Nota
i am satisfied with the volume and robust candle we witnessed in July.

we are long at this point.
Trade attivo
was boneheaded of us not to shift the text to the left. hopefully, price moves past that area.

still very much long.

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