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.
$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.
A great setup, if we get to the trend line or close to it