jangseohee

Price rejection and end of uptrend

NYSE:STZ   CONSTELLATION BRANDS INC
68 6 0
STZ             has had a nice leg of uptrend since 2009 double bottom
Following the initial uptrend channel , and at the end of it a monthly surge of volume causing a breakout above the uptrend channel resistance. Price action continue there after exponentially until a price rejection.

Irregardless of which way an uptrend line is drawn, the uptrend is officially over for STZ             . It has been consolidating for 3 months. A monthly lower low and a MACD dead cross would be a good opportunity to short.
jangseohee jangseohee
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Celestial move!!
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