Long-term/Position trading. The stock price down from $110 to $55 with almost no significant correction, but now I see that the price has reached an important level somewhere between $50-60 + a really good trend line. so, is it a perfect time to buy for long-term?
Currently NYSE:TAP has been trading in a downward trend since the peak in October 2016. There looks like a potential double bottom for a price reversal but if the stock breaks down below the $55 it could be heading to the next level of support at $51 or $47.
News about the class action lawsuit for misreporting on financial statements finance.yahoo.com
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TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at...
TAP just broke over a heavy resistance. Price action alone is bullish. Have earnings coming up soon. If they are at all positive this is going to jump.
Today at the market open (Dec 31), the equity trading system Equity Trend will open a short position in Molson Coors Brewing (ticker: TAP)
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
This is certainly a super speculative short-term play (returns to be had Monday if it plays out), but if you saw the Kavanaugh hearing where he defended himself... well, then you'll know why I'm serious and this is not just a joke! ha
Weekly chart looks great!
Indicators are turning up (POSITIVE) / (BULLISH)
RSI is about to turn / close above 50 mid line BULLISH! MACD is turning Positive and Stochastics are turning up!
I also noticed on the weekly chart, accumulation might be turning Positive and On Balance Volume has turned Positive!
Although it's trading under the cloud, I think it is a...
Bought along the bottom rising trendline. RSI oversold at 30 on 6month chart and showing signs of a buy with a reversal of the 50 and 100ema. Expecting at the least a bounce.
Nice long term triangle forming on the daily chart with 100ema acting as current resistance. Fourth touch of the red resistance line for possible breakout. Looking for entry along trendline.
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine...
An intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement close.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested...
