Seems like a textbook Inverse Head and Shoulder pattern on 
STZ Constellation Brands.
Has all the traits:
- Following extended downtrend
- Right shoulder has a higher low than the left shoulder
- Solid earnings beat
Alcohol consumption at historic lows, sounds like they are pivoting into some non-alcoholic beverages, could be a bottom. Berkshire still adding.
Lets see how it goes.
STZ Constellation Brands.Has all the traits:
- Following extended downtrend
- Right shoulder has a higher low than the left shoulder
- Solid earnings beat
Alcohol consumption at historic lows, sounds like they are pivoting into some non-alcoholic beverages, could be a bottom. Berkshire still adding.
Lets see how it goes.
Note
Breakout continues.Next resistance is $175.
Rotation into staples could benefit
STZ
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.