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EBGtrader
Mar 12, 2024 2:46 PM

MDLZ - Bullish Long

Mondelez International, Inc.NASDAQ

Description

The general market is over extended as we all know, and I have and still are waiting for that pull back. However I will not allow my sentiment to get in the middle of opportunities. We look at data, and if it makes sense, we get in. Right now MDLZ makes sense for a long position. If that changes, we get out and preserve capital. Remember, risk management is key. In my opinion, you need to get at least a 1:2 RR for the opportunity to be worth it.

Not financial advice
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