Clear setup on going for Mondelez, I'm waiting that the breaker is confirmed around 72, once done, I will buy my zone, liquidity taken down, targetting now upside liquidity.
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....
Reasons for bullish bias:
- Price is making new Highs
- Price is near all time high, hence Buy stop order above it
- SL will be updated to new HL once the order gets triggered
- TP will be set accordingly using Fib extension
Entry Level (Buy stop): 77.68
Stop Loss Level: 68.63
Current price action and uptrend looks to be continuing towards earnings, currently as volume as been propping up the current valuation there has been a slightly but slow accumulation to the upside, I am leaning towards a positive earnings release followed by MDLZ breaking its ATH or 52 weeks high as it has attempted to do so in july and aug 2023 but failed to...
The PEAD projected a bullish outlook for NASDAQ:MDLZ after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
Hi Everyone
This another trading form US Stocks, This is an medium term forecast of Mondelez International. Currently its medium term bullish cycle is just started but it is the last leg. Therefore do not hold, wait or average if invalidation level is broke.
Thank You
Entry: when price clears 78.59
Volume: with daily volume greater than 14.862M
Target: 87 area
Stop: Depending on your risk tolerance; 75.80 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
The PEAD projected a bullish outlook for NASDAQ:MDLZ after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
An idea showing a cup and handle structure forecasted
This aligns well with some dominant channels, with price breaking out above one of the main channels
Using the bars pattern tool to forecast price movement
4Hr chart
Mondelez is in an upgoing zigzag. Just confirmed through passing the most recent high. I like to draw channels to guide my Fib projections and other things, never mind in this case that we are overbought - every single is situational. That is why trading is more than a science, but an artform.
We are not in the business of getting every prediction right, no one...
The PEAD projected a Neutral outlook for $MDLZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $MDLZ after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 84.62%.
The PEAD projected a Bullish outlook for $MDLZ after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 84.62%.
MDLZ although has weathered some of the most significant bearish price action amongst other large cap companies has formed an inverted cup and handle chart pattern on the 1D time frame. Could power through this pattern, but....only time will tell
We can see this stock movement in bullish channel. Next target would be at 72.74. The trend line is also moving towards making a new high with consistent green candles sticks.
#MDLZ Very interesting chart and stock.
68% gains since March 2020.
Brands such as Cadbury, Toblerone, Oreos and more.
Potential H & S Target Pre-COVID levels shown on chart.
#stock #StockMarket #trading #chartpatterns
