SAM killed the keg & is tapping a new one.
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 out at the bottom which should soon curl upward.
Momentum still aiming downward.
SAM will recover, more people were drinking at home last year due to the pandemic.
Beverage industry has a shortage of products due to things flying off the shelves plus potential labor shortage.
Once people get back to freely going out in public and enjoying bars again we will see spikes in bev sales. I'm bullish on beer.
Still a risk here (Monthly Chart) but overall this appears to be the bottom.
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 out at the bottom which should soon curl upward.
Momentum still aiming downward.
SAM will recover, more people were drinking at home last year due to the pandemic.
Beverage industry has a shortage of products due to things flying off the shelves plus potential labor shortage.
Once people get back to freely going out in public and enjoying bars again we will see spikes in bev sales. I'm bullish on beer.
Still a risk here (Monthly Chart) but overall this appears to be the bottom.