Reading chart from left to right:
TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021.
We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for...
NYSE:TAP
Idea is simple:
Long position when the price breaks the downtrend ($46) (you can wait to 4h candle be closed higher than 46)
Stop - close lower than $45.6 (-0.8% risk)
Profit - 3 takes:
1st take $50 (8.8% upside)
2nd take $53.6 (15.8% upside)
3rd take $61.3 (30.3% upside)
Profit/Risk - from 9 to 31
You can split position to 3 parts, for each take
Feel...
IMO the 'premium beer' market is totally propped by capital investment, and molson is one of the oldest players in the game. all time high is 110$, 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...
168 = Tsingtao Brewery Group
600573 = Beijing Yanjing Brewery
SPX = S&P 500
CARL = Carlsberg Group
HEIA = Heineken N.V
TAP = Molson Coors Brewing
ANH = Anheuser-Busch InBev --- owns Corona beer brand
(This list excludes mixed drink companies like Diageo (DGE).)
As can be seen in the chart above, the US and European brands all significantly underperformed the S&P...
I am dubious as to why Hexo doesn't have cannabis beverages on shelves in Quebec where "only" Hash & Cannabis Beverages are allowed as 2.0 products, or elsewhere in Canada when they have a Alcohol company like Molson backing them & involved in a JV via Truss?
I just don't see why this pattern would play out bullishly when the company is diluting shareholders &...
