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
TAP is either doing a double bottom or getting ready to bounce on 200 daily EMA. Stock can't really go under $50, the company is too undervalued and their product line-up is too good to fail.
A break from a downtrend shown by the weekly chart. Looking for long term investment ideas why not invest in fine wines and whiskey. Check out my profile for more information on how to do it!
IMO the 'premium beer' market is totally propped by capital investment, and molson is one of the oldest players in the game. all time high is 110$, absolute worst case is the stock goes to 10$, which is why im going to start buying in slowly over time. IMO a lot of the selling pressure on the stock was because of suspending dividends for 2020 as well.
heres my...
Go long TAP. Finally getting attention on the street/institutionally. EV/EBITDA of 7.9. Hard seltzer sales will grow with out taking away from beer sales.
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'...
Recent acquisition of hard seltzer brand who is competing with that of White Claw directly and completely knocking them off the shelves!!
Shout out to Dumb money live podcast for the heads up on this brand, if you havent checked them out before they are a definite recommendation from me for some macro economic outlook and individual high conviction plays ...
Info only, not advice
Social arb play from Dumb Money. Thesis based on TAP linking up with Dwayne Johnson to distribute his new energy drink ZOA as well as Topo Chico in the US.
No trending on the chart, one to watch for the next few months to see how this plays out.
Stop set under lower lows as protection
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%...
broke the uptrend channel and is heading lower here, perfect short entry if the current downtrend channel holds. but watchout for 57, if thats breaks it reclaims the trend channel and heads back to 80s ! goodluck :) leave a like/follow !
A perfect cup-and-handle pattern formed. The 20 day MA also moved through both the 200 day MA and the 50 day MA indicating that there is some momentum behind this trade. Not only that, but their fair value estimate is $55.
Hey people, MOLSON COORS BEVERAGE COMPANY is in a bearish dynamic with a strong sell volume at the end of the session and panics with a relenting of buyers in the shade. In the TIMEFRAME M1 we observed an upside down hammer candle with a large volume of purchases executed at the end of the session. It will break the VWAP to go to its last lowest and turn around...
