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malteseinvestor
@malteseinvest
Analysis: #NYSE $STZ

Case 332 #Constellation_Brands Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#STZ 1/4
Chart 1
Monthly Chart: A serious #downdraft in Feb - Mar 2020 led to the break of the 2019 range bottom creating long term damage to the #uptrend. The inability to gain a foothold above the 2019 range top at 211.67 is deeply .....

STZ 2/4
..... concerning and price is now trading below the #SMA 50 at 187.61. Conditions have turned messy and a close below the 2016 #pivot at 141.43 could target symmetrical supports between 97.07 - 82.58 - the SMA 200 currently at 77.52.

STZ 3/4
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#pivot #downdraft #Constellation_Brands #trendline #NYSE #SMA #STZ #Strategy #uptrend

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