In February, we saw some signs that Constellation Brands Inc. $STZ was still in a bearish market and would continue its price decline. Constellation Brands (STZ) Signals Bearish Continuation (2/7) A month later, price has been hanging around, but is indeed developing a bearish trend again. STZ Daily Chart (click to enlarge) Bearish Structure:- The first thing we should recognize is that the overall price structure is still bearish since late 2018. - Despite a rebound in early 2019, the bearish trend is still intact. - The fact the RSI held under 60 is further confirmation of continuing bearish momentum.- After the push to $176, we can see a lower high around $173.35. This week, price is extending below the February low of $164.80.- This short-term bearish price development suggests bears are indeed taking back control and price will likely be pressured towards $150 again. - As we can see on the weekly chart, the next key support area will be in the $130-$145 area. STZ Weekly Chart (click to enlarge)