Relative to other producers in the industry, Molson Coors has been neglected by investors. The company remains profitable, this stock represents a huge opportunity. The P/E and P/B looks great, lots of room for upside growth. First stop is $75-100. Give it a few years and it'll be a good one for the long-term portfolio.
Weekly Downtrend still in tact. Needs to get out of trend line for 2 weeks. Otherwise another rejection to downside is likely again
Perfect trend line retracement current HPS trade at Day Trading Radio
This looks really good. Low risk entry ? Stop loss under support area.
TAP DEVELOPING BULLISH DIVERGENCE ON THE MONTHLY SCALE ! ON HISTORICAL SUPPORT AREA.
Entry price – 42.43 $. TP1 – 42.93(+1,18%), TP2 – 43.91(+3,48%), TP3 – 44.48(+4,81%). SL – 41.77(-1,59%).
Setup with breakout of wedge on MACD positive divergence could find higher levels with structure maintained. Will need for this to stay above channel in order to maintain its reversal potential.
NYSE:TAP Great potential double bottom on Molson Coors Beverage Company. As you can well see the two lows have equal distance from the middle peak valley and any breakout of this level would clearly guide us to enter Long. As you can see, patience in finding the patterns together with not forcing the operation but rather letting the profitable positions run and...
Compared to the other major alcohol stocks (except maybe $ABINBEV), $TAP appears to have the best long potential.
TAP - SOLD!!! Bought @ $56 / Sold @ $57 no fun there... lol