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.

• 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.