4STZ trade ideas
STZ - LongI see a good opportunity to buy shares. At the beginning of this trading session, the position will be transferred to breakeven to protect itself from the next surprises from the market.
I expect from the market the next move:
If the price succeeds in breaking out of the resistance channel, we can count on a good profit.
P/E 27.04
Forward P/E 23.28
Good luck!
$stz ascending triangle higher time frame in defined uptrend and found support area after pullback-high probability
mid time frame showing formation of ascending triangle- an inverse head and shoulders showing symmetry
lower time frame in range bound consolidation- monitoring price action for break of first resistance area of 180.5x to target to 181.2x area
Constellation Brands - STZ - easy long positionSorry folks. I forgot to publish this but it was a trade identified on Friday, based on wave analysis that looks very good, ~80% confidence, on the long side. I did a few price targets if it opened lower than expected but easily it hit the 1:1 risk/reward targets right out of the gate.
Great Entry Point ApproachingRecent bullish head and shoulder's bottom almost achieved its measured upside target, but due to market swings and a possible retest of previous August low may give patient investors to enter this great company. I am targeting below 50-days moving average at and around $140 probably the low of the right shoulder $138 area for a target price $160