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NASDAQ:MDLZ had a golden cross on the daily chart. Price is above the 50MA and 200MA, those provide good support. Trend line/parallel channel also gives support.
Entry strategy: wait for the next bullish candle which confirms the uptrend and cross above 42.96
Buy: 45.25 -47.00
MDLZ has a daily Gartley Pattern, and 40 figure showed great support for over a year,
it may give a potential long opportunity;
I got to wait for reversal sign in smaller time frame to get in the long position, if it breaks 40.00 before any reversal sign, this trade doesn't exist anymore.
* Educational use only.
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.
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.
Entry Target Criteria- break of $40.37
Exit Target Criteria- Target 1- $36.43; Target 2- $32.23
Stop Loss Criteria- $42.23
If today price closes below the channel, I will initiate a short with an initial target of 41.
Currently in an ascending channel.
A break below that will initiate a short with a target of around 40
Last session high volume close back towards crucial $44.50 level which not only was the earnings day high from last week, but also an important price point in Nov/Dec last year. Price obviously sits above key moving averages.
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.
Champions among reds!
$MDLZ is now $38.18. Price Target Hit . Great HPS ( High Probalility Trade) Trade.
Correction : $MDLZ IS NOW 35.53. Price Targe tHit Great HPS (High Probabilty Setup ) Trade
$MDLZ is now 35.53 . Target Hit Great HPS (High Probability Setup) Trade.