SAM - WEEKLY TECHNICAL ANALYSIS - BOSTON BEER CO INC - STOCKS

A little hindsight on what could have been a nice short. Red line was your level. After a nice drop price pulled back to test that exact level and then went back down again. Price is rising yet again and could come to test that area once more. Since it has been tested before it has a better chance of pushing through it. That is not a rule just something to consider. I would be willing to take a short there if it hits it again but with a TIGHT STOP LOSS. Lines below are places I would take profits.

Good luck out there.

Clearly NOT financial advice.

Kommentera:

Looks like a test of the top of the range and then a drop.