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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
Chart 2
Daily Chart: Price closed below Mar. 2020 #trendline targets 15.00.

The #Strategy is printed on the image.

$STZ 4/4
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Related hashtags

#NYSE #Constellation_Brands #STZ #downdraft #uptrend #SMA #pivot #trendline #Strategy

More from @malteseinvest see all

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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $NKLA

Case 333 #Nikola Corporation

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

#NKLA 1/4
Chart 1
Daily Chart: The July blowout reached an all time high of 93.99 and since then half of the gains have been wiped out. To maintain #bullishness the control point at 63.59 needs to hold then close above #pivot #resistance at 73.27 to .....

NKLA 2/4
..... target 100.23 - 101.47 in the long term. To the downside an unfilled gap of 40.42-35.98 exists. The immediate support zone (below the broken #trendline) is 42.34 - 28.30 and further down major #support, sandwiched between #SMA 50 and 200 is 21.83 - 15.57.

NKLA 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $NK

Case 331 #NantKwest Inc.

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

#NK 1/4
Chart 1
Weekly Chart: A good base has developed around the all time low 0.93 and 1.05. Price has broken over the 2016 #trendline resistance and the main #SMA s are supporting the current upmove. Immediate resistance at 10.66 (the 4 year range .....

NK 2/4
..... top) a close above will target the formidable cluster #resistance zone of 14.98 - 19.48. A close above the #Fib. 0.618 at 24.14 will target new all time highs.

NK 3/4
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malteseinvestor
@malteseinvest
Analysis: #NASDAQ $PLCE

Case 330 #The_Childrens_Place Inc.

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

#PLCE 1/4
Chart 1
Monthly Chart: Dec. 2019 saw the breakdown of long term #trendline support and all gains since 2000 have been wiped out. Support was eventually found at the #confluence of the #Fib. 0.942 and 1997 trendline, with a good .....

PLCE 2/4
..... reaction to the upside. Resistances (#SMA 200, Fib. 0.618 and trendline #support turned #resistance) are in a formidable $9 range and price is stalling at the SMA 200.

PLCE 3/4
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