jangseohee

Price rejection and end of uptrend

NYSE:STZ   CONSTELLATION BRANDS INC
63 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.
Celestial move!!
snapshot
Reply
jangseohee jangseohee
snapshot
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out