STZ trade ideas
$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.
STZPrice consolidating at its highs. Looking strong. I will enter in a defined risk long trade today with an ultimate target of 180.
STZ "Will" Rebound, Right?I entered a 150/145 Put Credit Spread on STZ last week. Trade was sitting pretty as price shot up to 156. Then, of course, the biggest correction to STZ in 4 years.
I do like that the 200 ema and the 618 fib retracement held firmly. 9 days left to claw its way back.
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
Flat Base in STZ a Cautious BuyReasons to Buy
Strong Annual Earnings
Strong volume buildup
Leader in a top industry
Strong compared to SPY
Strong pattern (See chart for details)
Reasons to tread with caution
Market not in an uptrend currently
Week could close below breakout point
Prior uptrend not above 30% (but strong uptrend overall suggests this is ok)
STZ Day Trade (Brad Reed Jan8,2015)STZ expected to open at 107.50 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
STZJ-Hook Pattern can be bullish & recent vol. is a nice signal. Concern is MACD which needs to confirm.
