$STZ - double bottom?This stock scares me
is there a double bottom?
is it making a W?
screeners love it for criteria I use to find investments.
CB1A trade ideas
$STZ with a slight bullish outlook following earning release$STZ is projected to have a slight bullish outlook as per the PEAD model after a positive over reaction following its earning release placing the stock in Drift B
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Ascending ChannelThere is a small, but evident ascending channel forming on this chart. If it breaks out to the upside that would be bullish. I would target long term, a measured move of the triangle height. Shorter term I would scale out at the resistances of 229 and 234. If, and only if, it breaks the resistance with volume. Not financial advice.
STZ: Descending Triangle, Watching for educationnal purposeDescending Triangle (Monthly)
Pros:
R/R ratio high, above 9
Flat volume
PPS above 50Ma and 200MA
250RSI above 50, high
ATR ascending, more volatiliy
Cons:
RS descending and below 0
200MA ascending
Price target if confirmed:
I doubt that this will happen. Way too low
But the graph calls for 2,82$
Watching
STZ struggles to rally from a rounding bottom After triple top, $STZ may have found support just above $171 with the rounding pattern. The stock should have rallied from the bottom of $171, but the volume has been very low and the uptrend is currently unable to sustain itself. There may be resistance at around $187.
V bottom and Consolidating Earnings in amSTZ announces earnings in the am BMO
Risky business to trade before earnings...and STZ is a long way from breaking out of it's V bottom
If the market responds well to earnings, the stock will most likely break out. If the news is received poorly, STZ may hit the gap under 149.5
Either way, risk is high. I hate these because if they beat earnings and the stock breaks out, it is likely I will never catch it. If it misses and hits the gap, if I still want it I can catch it there. A lot of ifs! Monthly candle is a doji so it tells me it can go either way. )o:
Target 1: 272 to 282
Target 2: 340 to 370
I would put my stop under the gap down at 149.
Long Idea - Self Talk13/Dec/2019 08:02 PM AUTHOR: Brandon Gum
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Targeting a RSI downtrend line break that then drives price action to test the RSI uniformity line(horizontal line on RSI)
The stop makes sense to me. Im unsure on the target.
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I wish I had something to live for. Feel like letting go.
I use to have it all.
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STZ showing strength, oversold w 200 Day support and CGC comingEoY 2018 plus Canopy investment caused a fall out of long term range. An improvement in CGC (currently oversold) means a likely return to that range, which means a possible run to $240 by EoY 2020. Even if it doesn't recapture the previous trading range, it is at the bottom of this one. Expect a near term jump especially with CGC earnings coming up.
