NYSE:SAM   Boston Beer Company, Inc. (The)
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$. Why these levels? Since the run to 1300$ the only real consildation we had was around 450 and 350$ however the weekly RSi is sooooo over sold. The weekly 200ema could act as huge suppprt… I may nibble a little here for a long term play. Not looking to make money right away and will averge down and buy at my 3 levels. Just looking here for potential support that could slow us down.

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