MDLZ seems forming a declining neck head & shoulder formation. It is also running within a channel formation. Technically it looks weak & it had recent insider selling. We think it will decline to 32 area shortly. Trade Criteria Entry Target Criteria- break of $40.37 Exit Target Criteria- Target 1- $36.43; Target 2- $32.23 Stop Loss Criteria- $42.23 Indicator...
Historically when the coppock curve reaches this level the stock moves up an average of 4.93%. While I am tracking another indicator pointing down, both can happen. My conservative call is a move around the top of the wedge/trendline (white) and then a possible drop. A well placed call could fetch around 15-20% in a matter of days.
If it stays within this trendline, the safe bet is a move South to at least 40, but most likely 38.35. This has been the minimum movement mark once the resistance line is met.
Stan J in this trade. We've been tracking this one for about 2 weeks. Nice candle today. Decent volume. Occurring at a good resistance. Let's find out if MDLZ will move bearish.
Uptrend should continue on a break over 42.00, Potential power trend trade