The technical picture for the consumer defensive sector is overall weak 😬. Nike has not recovered since breaking below the 200-day moving average. Although the RSI is oversold, the trend is downward, so don't rush to bottom-fish. Costco and Altria are relatively healthy above their moving averages. Constellation Brands is near the lower Bollinger Band. It is recommended to prioritize watching for a pullback to the 20-day moving average in Costco, set the stop-loss below the 50-day moving average, target the previous high, with a risk-reward ratio of about 1:2.
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