MDLZ trade ideas
Long term hold, MDLZDuring 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 this could take 5 years.
Please do take note this is only my research and SHOULD NOT BE considered as a solicitation to buy or sell this stock.
MDLZ might break resistance and go up soonMDLZ 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!
$MDLZ with a Bullish outlook following its earnings #Stocks 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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The Flag Pattern is 100% ready on MDLZ 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 which means that after the confirmation breakout, we tend to observe movements in the same direction as the previous impulse.
c) Based on this context, we have defined an activation level (green horizontal line). The idea here is: IF the price reaches the activation level, we will expect a bullish movement towards the Fibo Targets. The maximum target is the higher trendline of the expanding channel
d) If the price keeps falling and breaks the ascending channel, we will cancel our view. Also, if the price reaches the activation level, we will define an invalidation level below the flag pattern.
e) The expected duration of the bullish movement is between 150 and 200 days
f) Another important element is the confluence between the ascending channel and the support/resistance level where we expect the Flag Pattern to be finished and not surpass that area (otherwise, we will consider that the pattern has failed)
Thanks for reading!
How we will trade MDLZ. Full explanationToday 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 current Flag Pattern is perfect
d) If that happens, we want to observe a bounce. The green horizontal line represents our activation level, where we think it's a confirmation of the bullish movement. The main target we will use is the 2nd fibo extension level which is the same as the higher trendline of the expanding channel.
e) the First level of the fibo extension in our experience is a good place to move the stop to the entry-level if reached. (risk-free situation)
f) The risk we will take on this setup is 1% of our trading account on the stop loss area.
g) This movement can take between 150 - 200 days.