Samuel Adams maker, the Boston Beer Company, was bearish entering the year ,but seems to have found support in May. Since then, we have seen price rally from a low near 145.35 up to about 195. SAM Daily Chart 8/17(click to enlarge)Falling trendline:- As we can see in the daily chart, SAM is being challenged by a falling trendline.- Furthermore, there is a support/resistance pivot area between 195 and 201- We also see the daily RSI around 70, which reflects overbought conditions. Bulls vs. Bears:- On one hand, it seems like the rally since May is strong. - On the other hand, the prevailing bearish trend is still intact. - With an intact bearish trend, the resistance and overbought conditions should be respected. - In other words, don't be surprised if price slides back towards 170. - If price breaks above 202, it would have cleared the critical resistance to open up a bullish reversal scenario.- For now, the bullish run in 2016 should be considered just another correction within the context of a bearish trend that might simply continue to chug along unless price can break above 202.