Use advanced tools to confirm the Descending Triangle on MDLZ before you trade.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
MDLZ is showing interesting structural developments at $60.52. The stock is trading at $60.52, up 0.78% on the day. Price action has carved out a classic Bearish Flag. Volume is average (0.72x avg) with moderate trend strength (11.1). A potential breakout level is identified at $57.82, targeting $51.78 with support near $63.04 (R:R 1.16).
What is your outlook on MDLZ?