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jangseohee
Aug 17, 2014 3:42 PM

Price rejection and end of uptrend 

Constellation Brands, Inc.NYSE

Description

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.
Comments
jangseohee

jangseohee
jangseohee
jangseohee
jangseohee
jangseohee
Celestial move!!
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