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SABMiller heads up

The global brewing giant's price is bubbling pleasantly upwards
January 24, 2013

SABMiller continues to froth upwards on its chart, says Zak Mir at www.zaks-ta.com.

The brewer's price remains above the August intraday peak at 2886p, and its momentum is healthy, as measured by the state of the relative strength index. As long as it does not close a session below 2,886p, the case for continued gains remains, with a one-to-two month target at the top of last year's rising trend channel at 3,200p.