Use advanced tools to confirm the Descending Triangle on MDLZ before you trade.
Bearish continuation pattern.
Consolidation. Can break either way.
Traders are watching Mondelez International (MDLZ) as price action tightens. Price has moved to $57.54 (0.82%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $53.84, targeting $46.46 with support near $58.87 (R:R 1.47).
What is your outlook on MDLZ?