TAP appears to to have fallen into support on a good earnigns beat Perhaps traders were expecting a better beat. It is now 15% below the resistance zone where shorts will take positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is free of the controversies that had bogged BUD down. I see this as an opportunity to get...
On the daily chart, TAP was on a good trend up heading into earnings which were favorable. It is consolidated since just after earnings in a " high tight bull flag pattern" Volume has been healthy with many buyers and seller trading shares in a tight range channel. The stochastic RSI is now at about 20% indicating TAP is in the oversold / undervalued area. The...
Alcohol consumption When averaged over two years, 2021-2022, 63% of U.S. adults aged 18 and older consumed alcohol. Gallup, Inc. indicates that "the drinking rate ticks up to 65% when narrowed to adults of legal drinking age" of 21. When segmented based on demographic characteristics: Eighty percent of adults, 18 and older, living in households with annual...
Here on a daily chart, I have plotted the ratio of the dynamic share price of BUD compared with TAP. The thesis is that TAP ( Coors / Molson) may have had a share price rise while BUD dropped its own as a reaction to its adverse ad campaign which resulted in a social media disaster. BUD is global with only 25% of its market in North America while TAP is...
BUD is a staple stock catering to beerdrinkers both in North America and Europe. The controversy about a spokesperson for an ad campaign for Bud Lite has heightened awareness. Bud Lite is only one product of the parent company. Fundamentals arise, BUD is uptrending since Friday the 13th with hull moving averages converged. In confirmation, the RSI bottomed...
A capitulation candle on the back of the Bittrex.US bankruptcy panic may just have been the bottom & congrats to who caught it. Falling wedge with targets to the upside.
Coors (TAP) looks like it will be taking the back the HKEX:75 level after Buds woke ads have likely offended some of its customers. Customers will be voting with their wallets, lets see how this will do against the macro environment.
Tap global has achieved 100k users in its first year (During a bear market no less) with little to no marketing budget, and has been revealed that in the last month and a half has gained an additional 30k users. Tap global is similar to crypto.com and revolut, with additional features and side businesses such as cards as a service which Bitfinex is the first...
Beautiful upward channel for the investment of the year, too early for any other meaningful TA. RUMOUR ALERT: Coinbase listing XTP, Coinbase wallet spotted buying up $XTP TAP is a fully regulated company and fully meet the requirements to list on Coinbase and, with the company launching in the US in the next 2-3 months, it makes alot of sense. Its still early...
TAP (Molson Coors), a beverage company. Good value stock. Sector: consumer defensive It's forming a beautiful arc . Can we complete it and reach USD 61? Risk/Reward is good here as you can put a stop just below 52. I'm in for a swing. Trade safe!
NYSE:TAP Idea is simple: Long position when the price breaks the downtrend ($46) (you can wait to 4h candle be closed higher than 46) Stop - close lower than $45.6 (-0.8% risk) Profit - 3 takes: 1st take $50 (8.8% upside) 2nd take $53.6 (15.8% upside) 3rd take $61.3 (30.3% upside) Profit/Risk - from 9 to 31 You can split position to 3 parts, for each take Feel...
A break from a downtrend shown by the weekly chart. Looking for long term investment ideas why not invest in fine wines and whiskey. Check out my profile for more information on how to do it!
Its been a rough ride for tapbtc since its inception, XTP has bled from over 1000 sats to the very bottom at 2 sats. This is the ideal buy zone for the following reasons: 1) RSI divergence having just broken below for the first time in a long time, every time this has happened it is followed by a pump, note where i point these areas out on the graph. 2) Its...
Not only is TAP extremely attractive fundamentally, now the technicals and external catalysts are there. Morningstar just named it one of their top stock picks of the year because of its selection by some of their most respected managers. Morningstar is a non-bias third-party research firm that most advisors use to help keep track of their models, clients'...
Hey again third post, enjoying positing trading ideas and opportunities, would love to hear insight from anyone reading cause I want to improve myself in this field RAY just confirmed AcceleRaytor, a launchpad for upcoming Solana projects, and we have seen the great performance in countless launchpad projects (PAID, POLS, DUCK to name the few). I believe smart...
TAP just had their kitchen sink earnings report. It was a dismal quarter. There are silver linings to this though. First, they had a 1.9% rise in net sales on a brand-volume basis in the United States. Second, their sales in Europe were badly hurt by the lockdown measures as the UK was in its worst phase at the time; this is only creating a demand glut. Third,...
Buy Below $50, should easily hit $60 as it is currently undervalued. When you look at the technicals, MACD and RSI are signaling buy. The moving averages (20,50,100 day for shorter-term outlook) have all converged and the stock just bounced off the bottom of the trend line so I see a reversal leading to a steady uptrend. Sell half at $60. That's roughly a 22%...
Perfect trend line retracement current HPS trade at Day Trading Radio