Coors (TAP) looks like it will be taking the back the HKEX:75 level after Buds woke ads have likely offended some of its customers. Customers will be voting with their wallets, lets see how this will do against the macro environment.
Compared to the other major alcohol stocks (except maybe $ABINBEV), $TAP appears to have the best long potential.
TAP has all the requirements to be a a bearish shark harmonic pattern except for point D has not been met yet. TAP has also broken out of its 2016 downward channel after making a double bottom. The neckline of the double bottom is currently being tested as confirmation. Plenty of momentum on the weekly timescale for TAP to continue to point D. A short sell at...