Earlier in 2023 Anheuser-Busch was embroiled in some controversy and initially paid a heavy PRICE in its chart action recording a 6-week losing streak between the weeks ending 4/28-6/2. Market participants believed there was an opening for TAP to take advantage of and initially it did. The chart was acting well beforehand registering a 7-week win streak beginning in late March, but now it seems like an opportunity missed. While TAP languishes 17% off its peak from late July, BUD is “just” 9% off its own most recent 52-week highs. On a YTD basis, TAP is still in firm control up 15%, while BUD has gained only 2% in 2023 so far, if one were to look at the 1 and 3-month returns that relationship is turned upside down. While BUD has advanced 12 and 10% respectively TAP is UNCH over the last month and down 5% over the last 3 months. While BUD is looking at a likely 4-week win streak, the most impressive is the continuation higher after the week-ending 11/3 gain of 11.5%. It is now back above the 50 and 200 WEEK SMAs for the first time since the fiasco and above 60 one can remain constructive on this name. Notice the bullish MACD WEEKLY crossovers which occurred below the zero line led to nice PRICE advances. Deja vu?