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.
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.
Nota
TAP is ready for another round
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.