ThinkingAntsOk

Our Stock of the Day / MDLZ

Short
NASDAQ:MDLZ   Mondelez International, Inc.
Today, we have a short setup to share. Here is a full explanation

a) The price has found resistance on the All-time highs zone

b) After reaching the zone, we saw a breakout of the ascending trendline

c) Now, we have a clear corrective structure (ABC pattern), which is considered a bearish pattern

d) Our Entry Stop and Take profit are the ones you can see on the chart / Break Even level is the horizontal yellow line

e) The risk Reward Ratio of this trade is 1.7 / We will risk 1% of our capital on this setup

f) Remember: Trade safe, protect your capital, and always understand what you are doing.


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