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Molsoncoors

TAP Measured Move to $55 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 another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th. I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
NYSE:TAPLong
by NAOptionsTrader
Big Brewer Shares in Coronavirus Hangover168 = 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 500 as a benchmark. Only the two China-based brewers have outperformed but like most share prices globally, are still down on the year. Possible opportunities -- Opportunity A: Corona beer Whether Corona beers retain popularity or not following the pandemic could determine whether the AB InBev share price is fairly-valued. Opportunity B: Asia growth Long term growth potential in Asia could be a factor in the share price performance of China-based brewers. Asia-Pacific is the largest and one of the fastest-growing market for beer consumption, which accounts for about one-third of the global market share. Business Wire, April 9 2020 Opportunity C: Microbrewery takeovers The pandemic could mean more microbreweries are acquired by the big brewers, giving brewers more popular brands and reduced competition. What do you think about the future of beer and the brewing industry? Share your thoughts with your account manager or join a live LCG webinar.
SP:SPX
by jasperlawler
Is Hexo trading in another descending triangle / bear flag?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 & raising money below the trading price? Does Hexo have a trick up their sleeve that will surprise the market besides overpaying for the Newstrike Brands buyout & growing unlicensed Cannabis, I think so, but it's not a surprise for the Hopium addicts, be prepared for more disappointment as Hexo slowly bleeds into the penny stock range where they started & belong! The 200 Day MA doesn't want to let Hexo break above it, very note worthy as the RSI looks like a H&S & Hexo has created nothing but lower lows since my previous chart linked to this one.
TSX:TLRYShort
by ScotianBot
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