TAP -- Breakout Attempt -- Target LevelsHello Traders!
The chart of TAP (Molson Beer co.) is currently flirting with a major resistance trendline. Now whether or not price can successfully seal the deal and make it too third base remains to be seen.
If price does breakout, watch for a potential retrace to the breakout trendline first, then we could see the larger move to resistance level #1.
If price gets rejected and fails to breakout we could see a move below support before it attempts to breakout again.
Thanks everyone and best
TAP
TAP flushed on a good earnings beat into support LONGTAP 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 a
decent stock at a discount. My target is 62 at the half way point has designated by the fib tool.
TAP ( Coors Molson Miller ) Ready for Bullish Continuation?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 optimized
artificial intelligence moving average indicator shows parallel rises in both the short and long
MAs ( neither divergence
Craft Beer Seltzer Alcohol Barometer: Sam Adam's Boston Beer Co.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 incomes of $100,000 or more consumed alcohol in 2021/2022.
Only 49% of those living in a household with an annual income of less than $40,
BUD - Hail the King of BeerHere 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 more like
North America predominantly. The ad campaign and social media backlash is only North
America over time is impact will be nil
BUD Uptrending despite the Bud Lite controversyBUD 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 at 25% and is now rising while the volume indicator shows
increased volume as compared with that of March.
Overall, I see BUD as a g
$XTP (Tap) Falling Wedge 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.
XLong
XTP TAP Global experiencing exponential growthTap 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 customer of. Tap has listed on a UK stock exchange, and is regulated. Tap is as trust worthy as coinbase, in an environment post FTX this i
XLong
$XTP (Tap) upwards channelBeautiful 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 to get this life changing investment, BUY ALL DIPS, HODL ALL RIPS
XLong
TAP - Molson Coors Beverage CompanyNYSE: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 free to comment / add a feedback
TAP bottomed and ready to goIts 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 literally at the bottom
3) Note the significant uptick in accumulation distribution (bottom graph)
4) You will also notice that volume has
XLong
institutional money going into TAPNot 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' investments, stock valuations, and fund evaluations. They are, IMO, the most reliable source for financial information that is truly materi
RAYDIUM PotentialHey 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 money will start to move over to different blockchains such as Solana, Polkadot, Cardano, due to network congestion on ETH but this is
Update on TAP, kitchen sink earnings report, Double Down!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, they lowered their debt by $1.1 billion dollars. And finally, they realized they spent too much on general administrative expenses and
Go long TAP! beer exposure for these trying timesBuy 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% return, then I'd suggest letting the other half ride to see if you can squeeze some more juice out of it or if you have to bail you've
Tap (XTP) Project Overview + Long-Term Targets @AlanMastersAbout Tap (XTP)
Tap offers one-stop services for cryptocurrency participants and aims to remove financial boundaries by supporting connections with banks and exchanges. Tap offers a Mastercard to EU and UK residents. Tap claims to hold a DLT licence from the GFSC and claims to be the only company in its sector regulated to hold fiat and crypto. After depositing fiat currency into the Tap app, users can trade various cryptocurrencies on different exchanges using one app and a single KYC process
XLong
Tap Project Overview & Chart MappedAbout Tap
Tap offers one-stop services for cryptocurrency participants and aims to remove financial boundaries by supporting connections with banks and exchanges. After depositing fiat currency into XTP, users can trade various cryptocurrencies using one app and a single KYC process. Users can also send any cryptoasset to anyone in the world for free and the asset can be used by the recipient instantly.
Source: Coinmarketcap.com
Website: tap.global
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