Our Stock of the Day / MDLZ

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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.