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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default”]Hi folks, today we’re gonna take a look at constellation brands STZ is the ticker. And now that we are through earnings I am taking another look here at this. It’s been on our radar for quite some time after we came down off of this weekly chart and we’ve been basing here all the way back since July August and kind of chopping around here getting very quiet after we had a really strong sell off. Now we’ve come down into this area and we’re forming a one to three bottom which actually did technically confirm here in mid September, but we like to see a follow through close above that number two area for confirmation Long’s plus i also stayed away because of earnings. But now that we are through we’re coming in having this kind of second pass if you will, you can see short term averages momentum are all pointing to the upside. And you’ll see that our target based off this pattern is around 227 and that comes in at an area of tea structure which is right here so we’re looking to get long as Tz we also have favorable seasonals you see here in the first part of October, actually in the September early October, we have a bullish setup actually carries on into December as well, a 3% win rate over the last 1218 years respectively. So I’m gonna go ahead and nibble along here with selling out of money bull put credit spreads, first targets here and we’ll go along is going to be around as to 25 to 30 area. I’ll stop myself out we start rolling over and start taking out these swing lows[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
