-Heavy MACD/RSI divergence hinting at a gap fill above. Potential secondary run to 900+ with a bounce off the demand zone. Potential huge breakout upon trend break.
this could be a nice 50-65% gain in a short period. Breaking this downward trend possibly by the end of the week and a move back toward the middle of the pitch fork in the $1100 range in a few months
Not a financial advisor. SAM has been beaten down badly, and currently has a legal battle about its previous earnings. SAM is looking to recovery here and move bullish. I want to see this break above $580 and come back and test support. Should be looking to get over $700 in the near term. SAM is a beer giant, there is no doubt in my mind that they stay at...
Not Financial advise. Still high risk here. SAM has a lawsuit underway here, people have up till Nov 15th to file their personal claims. I'm playing calls here. SAM adams is not a bad company, they saw rapid growth in share price last year. Needed a major cool down. Momentum is still negative but looks like a train coming full force. MACD soon to cross,...
Huge fall off. Drop from 1300$ went fast!! What’s that prove? NO support from 1300-510$. This means if we can control 510$ level we could be holding the weekly 200 ema. This means eventually, if we can get a relief rally, there is no resistance above…. It’s a falling knife, I will not try to call a bottom here. I have 3 key levels. 511$ 450$ and 350$. Why these...
Had a massive blow off top I do see confluence between 545-560$ however, I’m watching for 520$ level to start nibbling. The 200 weekly EMA lands here as well as the .786 fib retracement zone. This could be a place to have a solid bounce if we can get that low!
Sam Adams had a terrible quarter recently and saw their stock drop steeply. Now sitting below $600. Huge gap to back fill and RSI looks to be getting stronger as stock has dropped. Noticed one of my SMA accounts had bought this morning. Could be a great long term follow. Risk is still on how well they will do going forward. Reminds me of TAP and BUD when seltzers...
Looking for for adds here. Will be watching this. Fundamentals and financials are still solid
I like the break here and the next support which is the 50EMA on the monthly. There is no support on the daily or weekly chart anywhere near this stock so the 50EMA is the next support.. Nice place to pick up some very nice cash on this trade using options. I bought 2 670 puts exp Sep 17th for $31.00 Enjoy
Not a financial advisor. SAM Boston beer had been absolutely slaughtered by share holders. looks like we have found a bottom here on the weekly. Looking for this to close as an inverted Hammer on this current weekly candle then confirm uptrend next week. Potentially a very great entry for those willing. Weekly RSI is completely shot here. Stoch is rounding...
$SAM has recently seen a decline in price from the $1300s down to the $650s. It’s starting to look like it may have found it’s general floor area and would be looking to bounce. Looking at the 4hr, we may be able to expect a tiny bit lower off the bat at opening allowing for an entrance coming at $654. With the increased volume recently and further partnership...
Gap play opportunity from $711 with possible 25% profit trade.
Based on previous cycles, looking for SAM to test reversal zone; be it quick or prolonged. Either way see a multiyear runner coming after the current consolidation.
Waiting for a break above the trendline for a reversal/breakout here. Solid area of value If you want to invest in alternative assets check out my profile for more!!
- Volume increasing: Avg (30) - 166.68K Avg (10) - 202.769K Volume - 253.565K - Small share float: 9.249M Perfect setup for a swing: Increasing volume MACD cross TEMA cross Small share float Can hold overbought areas I'm not a financial advisor, do your own DD! Twitter: @NJvanEkCapital
I think the Trading View idea limit is 10 per day. I've got 2 left, so let's not waste our allocation :) Boston Beer. Code is SAM. Stock has done very well with our analysis originally picking this up 2 years back at $242. Now trading over $1000, the stock hit a high of $1349 in April. At current levels, the stock trades at the lower boundary of a medium term...
Technical Reasons to buy: uHd ExDiv1 Bounce off of 1109 support Volume divergence Bottom of channel support Bounce off of cloud support