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TAP stock price is trading close to the 100-day EMA, showing bullishness.
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Buyers are showing their presence and are trying to regain the momentum.
Molson Coors Beverage Company (TAP stock) TAP share made a double bottom pattern near $60 and is waiting to surpass the neckline of $65 near the 100-day EMA to validate the bull move. Moreover, the price action indicates that TAP stock is in the bull territory and has been forming higher highs. However, the sellers are now showing their interest and the stock is showing a reversal from the swing highs of $70 amid the weak Q2 earnings results. After that, TAP stock persists in showing weakness and is shedding the gains highlighting seller strength.
TAP stock price is trading above the 200-day EMA and is trying to initiate a bull momentum to sustain the stock price above $65. Moreover, the chart shows the buyers’ interest and favors the rise to $70. After that, if the price forms any bullish candle on the
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