TAP flushed on a good earnings beat into support LONG
Updated
TAP 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.
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.
Trade active
Sideways and holding.Trade active
TAP has bounced above support. Moving slow so patience is needed.Note
Moving higher slowly. Patience applied.Note
Sideways and holding.Trade closed: stop reached
Reversed position on the breakdown through support. Short trade now.
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