Trading Molson Coors Beverage Co $TAP With Integrated Risk Controls
August 14, 2023, 13:45 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TAP
- Buy TAP slightly over 59.31 target 64.58 stop loss @ 59.14 Details
The technical summary data tells us to buy TAP near 59.31 with an upside target of 64.58. This data also tells us to set a stop loss @ 59.14 to protect against excessive loss in case the stock begins to move against the trade. 59.31 is the first level of support below 64.47 , and by rule, any test of support is a buy signal. In this case, support 59.31 would be being tested, so a buy signal would exist.
- Short TAP slightly under 64.58, target 59.31, stop loss @ 64.77 Details
The technical summary data is suggesting a short of TAP as it gets near 64.58 with a downside target of 59.31. We should have a stop loss in place at 64.77though. 64.58 is the first level of resistance above 64.47, and by rule, any test of resistance is a short signal. In this case, if resistance 64.58 is being tested, so a short signal would exist.
Swing Trading Plans for TAP
- Buy TAP slightly over 64.58, target 65.59, Stop Loss @ 64.39 Details
If 64.58 begins to break higher, the technical summary data tells us to buy TAP just slightly over 64.58, with an upside target of 65.59. The data also tells us to set a stop loss @ 64.39 in case the stock turns against the trade. 64.58 is the first level of resistance above 64.47, and by rule, any break above resistance is a buy signal. In this case, 64.58, 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 64.58, target 63.17, Stop Loss @ 64.77. Details
The technical summary data is suggesting a short of TAP if it tests 64.58 with a downside target of 63.17. We should have a stop loss in place at 64.77 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, 64.58, 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 64.58, target 65.59, Stop Loss @ 64.43 Details
If 64.58 begins to break higher, the technical summary data tells us to buy TAP just slightly over 64.58, with an upside target of 65.59. The data also tells us to set a stop loss @ 64.43 in case the stock turns against the trade. 64.58 is the first level of resistance above 64.47, and by rule, any break above resistance is a buy signal. In this case, 64.58, 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 64.58, target 63.17, Stop Loss @ 64.73. Details
The technical summary data is suggesting a short of TAP if it tests 64.58 with a downside target of 63.17. We should have a stop loss in place at 64.73 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, 64.58, 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.
This is a snapshot. Real Time Updates are available on our TAP Page.
TAP Ratings for August 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
59.31 |
| P2 |
63.16 |
63.17 |
64.58 |
| P3 |
64.54 |
65.59 |
69.91 |
Support and Resistance Plot Chart for TAP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TAP:
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