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 trade setup. Lets go.
heres my trade setup. Lets go.
Trade active:
Nice top, cooled off a bit and I could see it testing 44$ again before continuing upwards. If it continue rallying, I could see 65-70$ being a likely target for some resistance, as the first movers start to see 2x.