In late June prices gaped lower and started a sell-off that would mark down prices $70 or so. The decline was more rapid from October with prices in a cascade-like fall in December.
Constellation Brands (STZ) has completed a Harmonic Extended Bat Pattern.
Based on this and with the broad market at it back I target $199 as a profit objective. Above that I have a $250 target. But baby steps first.
Today's bounce signals a potential bottom.
Aggressive traders could probe the long side of STZ at current levels after the profit warning sell off two days ago.
Risk a close below $144 and look for a recovery back to the $195-$200 area in the months ahead.
The gap from Jan 7th opening around the $166.70 level was filled.
Note this is a 2400 minute (4 hour) chart.
Lets see what happens.
S.
Constellation Brands (STZ) has completed a Harmonic Extended Bat Pattern.
Based on this and with the broad market at it back I target $199 as a profit objective. Above that I have a $250 target. But baby steps first.
Today's bounce signals a potential bottom.
Aggressive traders could probe the long side of STZ at current levels after the profit warning sell off two days ago.
Risk a close below $144 and look for a recovery back to the $195-$200 area in the months ahead.
The gap from Jan 7th opening around the $166.70 level was filled.
Note this is a 2400 minute (4 hour) chart.
Lets see what happens.
S.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.