MDLZ trade ideas
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-
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Time Span- 3:00"
Trade Status: Pending
A quick up...and then drop for MDLZ?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.
MDLZCurrently in an ascending channel.
A break below that will initiate a short with a target of around 40
MDLZ re-test critical levelLast 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.
Cycle Says MDLZ is coming downIf 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 $38.18. Price Target Hit . Great HPS Trade.$MDLZ is now $38.18. Price Target Hit . Great HPS ( High Probalility Trade) Trade.
Correction : $MDLZ IS NOW 35.53. Price Targe tHitCorrection : $MDLZ IS NOW 35.53. Price Targe tHit Great HPS (High Probabilty Setup ) Trade
$MDLZ is now 35.55 . Target Hit Great HPS Trade.$MDLZ is now 35.53 . Target Hit Great HPS (High Probability Setup) Trade.
MDLZMondelez looking good after strong ernings break above 32$ and retest + hold support.
1st target 34$
2nd target 35$
stop at 31$
