Learn to Evaluate (TAP) using the Charts
January 02, 2025, 12:28 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TAP
- Buy TAP near 54.92 target 60.93 stop loss @ 54.76 Details
The technical summary data tells us to buy TAP near 54.92 with an upside target of 60.93. This data also tells us to set a stop loss @ 54.76 to protect against excessive loss in case the stock begins to move against the trade. 54.92 is the first level of support below 57.48 , and by rule, any test of support is a buy signal. In this case, support 54.92 is being tested, a buy signal would exist.
- Short TAP slightly under 60.93, target 54.92, stop loss @ 61.11 Details
The technical summary data is suggesting a short of TAP as it gets near 60.93 with a downside target of 54.92. We should have a stop loss in place at 61.11though. 60.93 is the first level of resistance above 57.48, and by rule, any test of resistance is a short signal. In this case, if resistance 60.93 is being tested, a short signal would exist.
Swing Trading Plans for TAP
- Buy TAP slightly over 60.93, target n/a, Stop Loss @ 60.75 Details
If 60.93 begins to break higher, the technical summary data tells us to buy TAP just slightly over 60.93, with an upside target of n/a. The data also tells us to set a stop loss @ 60.75 in case the stock turns against the trade. 60.93 is the first level of resistance above 57.48, and by rule, any break above resistance is a buy signal. In this case, 60.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TAP slightly near 60.93, target 57.45, Stop Loss @ 61.11. Details
The technical summary data is suggesting a short of TAP if it tests 60.93 with a downside target of 57.45. We should have a stop loss in place at 61.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TAP
- Buy TAP slightly over 60.93, target n/a, Stop Loss @ 60.79 Details
If 60.93 begins to break higher, the technical summary data tells us to buy TAP just slightly over 60.93, with an upside target of n/a. The data also tells us to set a stop loss @ 60.79 in case the stock turns against the trade. 60.93 is the first level of resistance above 57.48, and by rule, any break above resistance is a buy signal. In this case, 60.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TAP slightly near 60.93, target 57.45, Stop Loss @ 61.07. Details
The technical summary data is suggesting a short of TAP if it tests 60.93 with a downside target of 57.45. We should have a stop loss in place at 61.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Molson Coors Beverage Company Class B (TAP) available here: TAP.
TAP Ratings for January 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
48.95 |
| P2 |
56.66 |
56.39 |
54.92 |
| P3 |
57.21 |
57.45 |
60.93 |
AI Generated Signals for TAP
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Molson Coors Beverage Company Class B (NYSE: TAP) report below can help you understand how to do this. The trading plans for TAP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TAP:
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