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...
TAP has been bullish for the last 4 years and currently completing a descending wedge at a 0.618 Fibonacci level with a solid (albeit, slightly inclined) support line at approximately $95.00. There seems to be a high likelihood of an upward breakout, which will probably be followed by a move at least to $112.00, but very possibly $123.00 in the case of an ABCD...
TAP is currently forming an elliot wave pattern and is down to its .386 retracement. This is a good opportunity to go long.
Date discovered: 03/01/2017
Position: LONG
Entry: 99.10
Stop:98.60
Exit: 104
Molson Coors Brewing Co (TAP)
This stock performes a head and shoulders, so now we need to wait untill it'd be confirmed.
In this situation we have only one plan - to go short. But ONLY in the case of market confirmation.
WE HAVE BRAKOUT in daily chart , I am waiting olding in small candel and small volume and big spike candel and 5 small candel and hammer or pircing line witch high volume on support level ,trend line and ema 200
10/7/15 TAP had the pull back on the daily. For some reason, the puts have INSANE premium. Could be based on today's news. Feel Free to verify why implied volatility is so high. However, $70 would still be a good place to buy this stock in my opinion
*Newsome calling this one Free money*
And he will wear a dress in Wal-Mart if this does not expire worthless
Iron Condor Idea for TAP on Mar 10,2015
Bull Put Spread: 67.50 / 65 Apr 17 expiration limit $0.30 fill for 13.6% OR 70 / 67.50 Mar 20 expiration limit $0.10 fill for 4%
Line In The Sand is 70.76
Bear Call Spread: 82.50 / 85 Apr 17 expiration limit $0.20 fill OR 80 / 82.50 Apr 17 expiration limit $0.30 fill for 13.6%
Line In The Sand is 78.85
