Traders are watching this Bearish Flag on TAP. Inspect the chart now.
Bearish continuation if preceding move was down.
Traders are watching Molson Coors Beverage Company (TAP) as price action tightens. The stock is trading at $39.4, up 0.9% on the day. The primary technical feature is a Bearish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $38.04, targeting $31.1 with support near $42.04 (R:R 1.74).
What is your outlook on TAP?