STZ has had a nice leg of uptrend since 2009 double bottom
Following the initial uptrend channel, and at the end of it a monthly surge of volume causing a breakout above the uptrend channel resistance. Price action continue there after exponentially until a price rejection.
Irregardless of which way an uptrend line is drawn, the uptrend is officially over for STZ. It has been consolidating for 3 months. A monthly lower low and a MACD dead cross would be a good opportunity to short.
Following the initial uptrend channel, and at the end of it a monthly surge of volume causing a breakout above the uptrend channel resistance. Price action continue there after exponentially until a price rejection.
Irregardless of which way an uptrend line is drawn, the uptrend is officially over for STZ. It has been consolidating for 3 months. A monthly lower low and a MACD dead cross would be a good opportunity to short.