TAP unable to break out of downward price channel
Currently 
TAP has been trading in a downward trend since the peak in October 2016. There looks like a potential double bottom for a price reversal but if the stock breaks down below the $55 it could be heading to the next level of support at $51 or $47.
will continue the downward pressure.
TAP has been trading in a downward trend since the peak in October 2016. There looks like a potential double bottom for a price reversal but if the stock breaks down below the $55 it could be heading to the next level of support at $51 or $47. - News about the class action lawsuit for misreporting on financial statements https://finance.yahoo.com/news/tap-reminder-zhang-investor-law-210849835.html?.tsrc=rss
- the corn syrup in your beer ads
- and continued price similarity with smaller craft beer companies
will continue the downward pressure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.