Uptrend
Breakout of a level and pullback to it is a good and sure position especially after a suitable bullish candle over the S/R zone or TL. Set a sure SL for it and enter to buy position.
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...
Super-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...
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...
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.
The PEAD projected a Bearish outlook for $TAP after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 57.14%.
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!
The PEAD projected a Bearish outlook for $TAP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
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...
Think I missed my better entry here, but its seem to be range bound since Sept and broke out of the long downtrend.
Does need to take out the MA200, but does have some momentum behind it with the 10/20 MA crossover..
Entry - 48.75 - 49.25
Stop - $45
Profit - $64-65/
RISK TO REWARD -2:1
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...
Today we got an insider signal for TAP. It wasn't that meaningful (B Signal), but it could be a great anticyclical speculation.
The stock is currently oversold on Stochastic level, RSI shows divergent behaviour, while MACD is flat.
Meanwhile the stocks latest raise movement corrected to the .5 Fib level. So it might possible, that we can see here raising stock...
Tap has been stalling ahead of earnings on support for almost two weeks. With it being crazy undervalued and with great ER, Tap is ready to rock and roll.
Price has delivered an impulse up on daily, and at the moment is forming a flat pattern.
Most likely, this is going to be an expanded flat, in order to tag 62% retracement against the impulse.
In this case wave ((c)) of this assumed corrective pattern will equal 162% of the wave ((a)).
Target price - around $40 per stock
