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Molson Coors

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TAP trade ideas

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.
NYSE:TAPLong
by AwesomeAvani
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 nor convergence just consistent ). This is a minor healthy pullback and a good entry point. Fundamentally, the summer beer- drinking season will soon arrive. TAP may be benefitting from the BUD backlash over the Bud Lite endorsement controversy. My call options have been appreciated 50% in the past 2 1/2 weeks ( 4% per trading day ). I will roll them into the call options expiring 9/15/23. I consider TAP to be a steady consistent gainer and likely more or less recession-proof.
NYSE:TAPLong
by AwesomeAvani
TAP - start of bullish trend?TAP bottomed in Sept 2020 and began to move higher till 7 Jun2021, after which it made no further progress and pretty much churned sideways in a wide range for the next 11 months. Finally, on 2nd May this year, it began to propel strongly above the neckline due to positive earnings surprise. However, it then began to pullback over the following few weeks, all the way close to the neckline before staging a strong rebound. This is a classic breakup and retest that affirms that the neckline (formerly a strong resistence) is now the new "support". The stock appears to be poised to began an uptrend that could last a while. The next strong resistence could be around $75. However, it is just a level to look out for and nothing is cast in stone. Trade management (which varies according to one's trading style and temperament) is required to see how far one is able to ride a trend. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:TAPLong
by Juliac
Another woke beer seems to be losing valuation as a resultSuper-smart marketers at Cors launched a man-bashing ad back before Budlight's debut. Only a few would pay attention to it in today's environment, it isn't that shocking. However, due to Budlight's wildly extreme that sparked a total boycott of the brand, fake beer consumers became a lot more sensitive and a couple of months old ad started circulating on social media. BARE MINIMUM: Cors (TAP) made a lot of money from the Budlight boycott. This money will be lost since it stands upon the shoulders of people infuriated with any political content in the ads and it was the reason they started buying Cors in the first place. I expect the gains, to be, therefore, removed in the coming weeks. A chart shows when their Budlight-boycott-propelled gains started. OPTIMISTIC: I don't know if this is optimistic but many companies are cutting expenses. Of course, firing people is a popular expense-cuttin' measure. A threat of a major crisis still looms, yet we didn't have any significant drop in stock prices. I think a lot depends on the US' default or lack of --- let's see if Republicans and Democrats surpass average 5-year-olds in their negotiation skills and come to an agreement. I am an adaptive raider and will choose the right scenario when the time comes.
NYSE:TAPShort
by OrcChieftain
4
TAP Measured Move to $55 Reading chart from left to right: TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021. We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th. I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
NYSE:TAPLong
by NAOptionsTrader