Use advanced tools to confirm the Rising Wedge on MDLZ before you trade.
Reversal pattern. Price likely to break downwards.
Sideways movement between parallel supports.
Bullish continuation pattern.
Bullish continuation if preceding move was up.
Traders are watching Mondelez International (MDLZ) as price action tightens. Price has moved to $61.51 (-0.53%) amidst recent volatility. The primary technical feature is a Bullish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $62.59, targeting $71.34 with support near $60.3 (R:R 3.82).
What is your outlook on MDLZ?