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
During time of uncertain, upheaval, plus global inflationary situation,
Staple sector always thrive without fail.
Simply because human need food to survive.
After a quick screen of the confectioners stocks,
Mondelez stands out amongst other stocks.
Extremely stable without much fluctuation and correction for the 1Q of March.
Future target is 120, unfortunately...
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 83.33%.
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%.
Trendline break
At support Zone
Entry 60
Stop 57.5
Target 65
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
MDLZ will continue to OUTPERFORM SPY for the foreseeable future. Consider LEAP option for JANV2023 when the price reach the lower band of the pitchfork.
MDLZ has been trading in an upwards channel for quite a while now. It looks like it's currently in a resistance zone leading to a potential breakout. I personally think it would be too early to enter right now but it could be interesting to watch for a potential breakout movement happening soon. Feel free to let me know what you think about this idea!
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 81.82%.
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5th wave has stalled at a weak support zone, minor increase in buyer volume, possible buy trade. Previous batch of trades has closed except AMZN still running. (BABA-0.6%, UPS-1%, V-2%, AXP+1.5%, MAR+1.5%, SBUX+3%, WFC+0%)
Today, we will speak about Mondelez International. Let's check what we can see on the chart:
a) The major structure is an ascending channel, where the price is about to make content with. There we expect a bullish reaction
b) Currently, we can observe a flat pattern that is 100% ready. From a technical perspective, flat patterns are continuation structures...
Today we will speak about Mondelez International.
Let´s see the conclusions we can make on the chart:
a) The price is inside an ascending channel
b) Currently, the price is close to a key support/resistance level which makes convergences with the ascending channel
c) That's a key level we want to observe contact. That would mean for us that the...
