BF.B - Oversold Technicals flashing for this Alcohol CompanyBrown Forman IncBATS:BF.BSafofAllTradesHi guys. Technicals are looking like Oversold in my opinion for BF.B (Brown Forman Inc.) Note this is for educational purpose only. Always do your own due diligence when taking trades. So on the 1 week timeframe (Macro look). BF.B has been on the downtrend since August 2020. Signs in my opinion show a slowdown and a consolidation zone forming. Which could also indicate potential bottoming of this stock. We hit the $25.60 - 26.60 in June 2025. Then had a run up to around $31.00, hitting it twice. Now we are back down in the 25.60 - 26.60 zone. This could be a double bottom. If the $25.60 - 26.60 zone holds as Support it maybe more likely. There are also signs of Indicator Price Divergence where Price is in a downtrend but Indicators are in an Uptrend. This usually hints at price reflecting indicators so eventually price would move up to reflect indicator being in an Uptrend as well. This is seen in the RSI and MACD indicators. Volume and further Momentum indicators still show that this stock is still trying to figure itself out and momentum has not yet entered. I would like to see A Bullish Stoch RSI cross with MACD flipping Green with clear movement upwards towards 0 level. This would be key for taking positions as you don't want to enter a position only to hold if it continues lower. Clear signs are needed. Another trade set up would be to take positions when there is a Consolidation pattern breakout with confirmation.