MDLZ - Breakdown trade from $40.37 to $32 area 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.
Trade Criteria
Entry Target Criteria- break of $40.37
Exit Target Criteria- Target 1- $36.43; Target 2- $32.23
Stop Loss Criteria- $42.23
Indicator Notes- Negative Twiggs Moneyflow
Option- $42 Feb-17 Puts
You can check our detailed analysis on MDLZ in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 3:00"
Trade Status: Pending
