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Is A Golden Cross Brewing For Ambev? Technical Charts Show Bullish Potential
ABEVAmbev(ABEV) Benzinga·2024-10-24 13:03

Ambev SA ABEV is inching towards a golden cross—a technical signal that could suggest brighter days ahead for the stock.As one of the largest beverage giants, Ambev has been a key player in Latin America’s beer market, dominating countries like Brazil, Argentina, and the Dominican Republic. But, after a challenging year with stock price declines and currency woes, could this golden cross be the turning point?Ambev's Brewing Success In Latin AmericaAmbev isn't just any beer company. With control over 66% of ...