Boston Beer (SAM) was in a bullish breakout in July but has since been consolidating. A couple of week's ago, as price retreated, we discussed a buy-on-the-dip idea for SAM with a focus on price level around 140. The market however supported price around 145. In these past couple of weeks, SAM has been consolidating roughly between 145 and 152. Boston Beer (SAM) Daily Chart(click to enlarge)Bullish Reversal?- The daily chart shows a sharp bullish pop at the end of July. Is this the start of a bullish reversal, or at least a significant bullish correction?- A hold above 140 would be a bullish confirmation, so a hold above 145 is an even stronger signal. - Now a break above 152 would open up the 170 handle and 172, the 2017 high.