MOLSON COORS Stock Chart Fibonacci Analysis 022625Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 56/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
M1CB34 trade ideas
TAP - The Molson Coors Beverage Company ready for short?
The Molson Coors Beverage Company NYSE:TAP on New York Stock Exchange looks like ready for short. We see here a brake out from the long time resistance with a confirmation from this move. This is maybe the end of the long time correction since october 2020. Next Target 40,00 $?
TAP Molson Coors Beverage Company, LONG (MID-term)Financials
- Earnings are rising, good outlook, bright expectations
- Stock is at a low point, trading under its book values.
Techincal
- Stock is picking up momentum.
- Stock is at a great R/R point.
Strategic
- Stock should be priced way higher in an investment of lowering interest rates
TAP flushed on a good earnings beat into support LONGTAP appears to to have fallen into support on a good earnigns beat Perhaps traders were
expecting a better beat. It is now 15% below the resistance zone where shorts will take
positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is
free of the controversies that had bogged BUD down. I see this as an opportunity to get a
decent stock at a discount. My target is 62 at the half way point has designated by the fib tool.
Tap Double Top or buying opportunity?NYSE:TAP has had a rough time as of late as noted on the weekly chart.
I am torn between the was it a double top or are we entering a buying opportunity here?
If it loses the 53 level it can continue to slide especially if earnings disappoint, on the other hand it could rise if earnings surprise at this low level. The lowest analyst had a target of 53 I am debating entering but concerned on this weekly chart.
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.
TAP - start of bullish trend?TAP bottomed in Sept 2020 and began to move higher till 7 Jun2021, after which it made no further progress and pretty much churned sideways in a wide range for the next 11 months.
Finally, on 2nd May this year, it began to propel strongly above the neckline due to positive earnings surprise. However, it then began to pullback over the following few weeks, all the way close to the neckline before staging a strong rebound. This is a classic breakup and retest that affirms that the neckline (formerly a strong resistence) is now the new "support".
The stock appears to be poised to began an uptrend that could last a while. The next strong resistence could be around $75. However, it is just a level to look out for and nothing is cast in stone. Trade management (which varies according to one's trading style and temperament) is required to see how far one is able to ride a trend.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Another woke beer seems to be losing valuation as a resultSuper-smart marketers at Cors launched a man-bashing ad back before Budlight's debut. Only a few would pay attention to it in today's environment, it isn't that shocking.
However, due to Budlight's wildly extreme that sparked a total boycott of the brand, fake beer consumers became a lot more sensitive and a couple of months old ad started circulating on social media.
BARE MINIMUM: Cors (TAP) made a lot of money from the Budlight boycott. This money will be lost since it stands upon the shoulders of people infuriated with any political content in the ads and it was the reason they started buying Cors in the first place. I expect the gains, to be, therefore, removed in the coming weeks. A chart shows when their Budlight-boycott-propelled gains started.
OPTIMISTIC: I don't know if this is optimistic but many companies are cutting expenses. Of course, firing people is a popular expense-cuttin' measure. A threat of a major crisis still looms, yet we didn't have any significant drop in stock prices. I think a lot depends on the US' default or lack of --- let's see if Republicans and Democrats surpass average 5-year-olds in their negotiation skills and come to an agreement.
I am an adaptive raider and will choose the right scenario when the time comes.
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.
TAP Range Bound Breakout?Think I missed my better entry here, but its seem to be range bound since Sept and broke out of the long downtrend.
Does need to take out the MA200, but does have some momentum behind it with the 10/20 MA crossover..
Entry - 48.75 - 49.25
Stop - $45
Profit - $64-65/
RISK TO REWARD -2:1
TAP - Molson Coors Beverage CompanyNYSE: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 free to comment / add a feedback
Speculative TAP TradeToday we got an insider signal for TAP. It wasn't that meaningful (B Signal), but it could be a great anticyclical speculation.
The stock is currently oversold on Stochastic level, RSI shows divergent behaviour, while MACD is flat.
Meanwhile the stocks latest raise movement corrected to the .5 Fib level. So it might possible, that we can see here raising stock price in near future.
We open a small speculative position with a tight stop.