The Bearish Flag is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation if preceding move was down.
Traders are watching Constellation Brands (STZ) as price action tightens. Price has moved to $148.51 (3.77%) amidst recent volatility. Price action has carved out a classic Bearish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $135.11, targeting $102.74 with support near $149.48 (R:R 2.25).
What is your outlook on STZ?