Boston Beer Reportedly in Sale Talks to SuntoryAccording to Wall Street, which cited anonymous sources, Boston Beer saw a spike in value on Friday, as the American brewer is in discussions to sell the business to the international spirits major Suntory.
On the announcement, Boston Beer Company Inc. (NYSE:SAM) had a gain of almost 30%.
The sources told WSJ that although negotiations are still in their early stages, there is no guarantee that a deal would be reached and that a rival bidder may emerge.
Though demand has been hurt by shifting customer preferences, Boston Beer has had a difficult year thus far. This has given rise to rumors of a sale.
After collaborating with Boston Beer to create new spirits and ready-to-drink drinks in 2021, Suntory is well-acquainted with the latter.
Technical Outlook
Boston Beer stock ( NYSE:SAM ) closed Fridays trading session up 22.33% with a Relative Strength Index (RSI) of 68.64 which is slightly overbought. The daily price chart pattern showed a "Bullish Harami" pattern which is a strong bullish reversal pattern.
Bostonjoe
Looks confusing but stay tuned!I will give a full video analysis on why I think the EURO/USD will remain bullish. Tune in tomorrow. 7PM mountain standard time. Meanwhile please look at these past analysis. I have been wrong on shorts/bears, but have always advocated a long bull market since my very fist post. which is in the links. Especially look at "maybe too aggressive" I still cant believe I was right! Look at the dates and update the charts people!
OANDA:EURUSD
OANDA:EURUSD
EUR/USD trending sideways for now. We are stuck trending sideways, and I fear its for the rest of the week. I am hoping we get confirmation tomorrow. Friday trades are super risky. If you notice my two yellow trend lines fall right on the fib retracement lines. We are looking for a break beyond either one. I'm leaning neutral but expecting bulls soon.
Keep in mind that there will be a huge USD deflation coming. This will be a bull year for the EURO, BUT if we break down below 1.11914 a new analysis will have to to considered
OANDA:EURUSD
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Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
EUR/USD, is it done retracing! or will it rocket up?Hope every enjoys my weekly video analysis! Let me know what you think. Us is deflating the value of their dollar substantially. I'm watching for that rocket up
LETS TRACK THIS TREND TOGETHER
OANDA:EURUSD
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And as always
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
Real basic day chart trading range. Watch for breaks This one was new for me. But its obviously in a trading range. I think its over valued and need to eventually starte becoming more reliably bearish.
FX_IDC:CHFJPY
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The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
GPD/USD key spot for a short downtrendIf you look at my EUR/GPD trend you will see that I believe the GPD is loosing strength. Link is at the bottom! Bearish short. Let me know what you think!
FX_IDC:GBPUSD
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EUR/GPD Little more climb then down she goesI believe we will test that green line here then continue down completing and Elliot wave. Let me know your thoughts
OANDA:EURGBP
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EUR/USD sellThe eur/usd is still overbought on the day chart. this is a good indicator that it will continue to sell. I'm aiming for the 1.12828 mark first.
OANDA:EURUSD
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EUR/USD Selling for a short These are good indicators that we will continue to retrace. The bearish pendent does make me nervous, will wait for confirmation.
OANDA:EURUSD
I upload signals almost everyday, If you want to get daily signals remember to FOLLOW and turn your NOTIFICATIONS ON! 🤗 TELL ME YOUR FAVORITE CHARTS! I'M BRANCHING OUT!
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The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
EUR/USD Are we done retracing?Let me know your ideas.
I upload signals almost everyday, If you want to get daily signals remember to FOLLOW and turn your NOTIFICATIONS ON! 🤗 TELL ME YOUR FAVORITE CHARTS! I'M BRANCHING OUT!
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EUR/USD maybe too aggressive This is probably too aggressive for this trend. We are at a resistance line and bears could go much longer. I will reevaluate at the bottom of the retracement of the ascending scallop. It is rare that it would do it twice in one pattern but this is what it would look like. I give it a 40/60% chance, keeping focus on the support resistant lines I have marked in red. This is a very long view on the day chart.
I will be going into detail on this analysis Sunday around 23:00-24:00 (UTC)
OANDA:EURUSD
I upload signals almost everyday, If you want to get daily signals remember to FOLLOW and turn your NOTIFICATIONS ON! 🤗 TELL ME YOUR FAVORITE CHARTS! I'M BRANCHING OUT!
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Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.
EURO/USD reversing or just testing?Is the euro/usd reversing or just testing? I see it closing the week in a expanding wedge, which indicates a continuation. We will have a retracement but I don't believe it to be true till a reversal pattern is evident. Sunday/Monday I will be looking for the head and shoulder to form or fail.
FX_IDC:EURUSD
As always I left a link for my last post so you can track my accuracy. Made with love.
I upload signals almost everyday, If you want to get daily signals remember to FOLLOW and turn your NOTIFICATIONS ON! 🤗
You can always show your support by liking, following or commenting! Much love to all, have a great day traders!
Disclaimer
The material and information contained in this analysis is for general information and educational purposes only. You should not rely upon the material or information on any of my analysis as a basis for making any business, legal, or any other decisions.