CY-76

SAM bounced back from strong support.

Long
NYSE:SAM   Boston Beer Company, Inc. (The)
SAM price has retraced 70 % from all time high to current price level at $ 384 coincide with most transacted price level at $ 384 over the last 5 years.

Golden Cross just appear on the MACD fast/slow lines signally upside potential of price.

Smart MCDX's "green" bar retreating with increasing yellow bar "hot money" signalling potential short term bullishness.

Current price level has been tested three times on weekly candle and current candle bounced back to weekly MA 200 resistance line, if it breaks through resistance , highly likely it will continue to rally.

Target price - $555 over next 6 months.


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