Dec. 6 at 1:33 AM
Actionable Trade Alert for
$MDLZ:
Market Context:
$MDLZ is currently trading at
$55.80, with an RSI of 42.23 indicating a neutral to slightly bearish momentum. The stock is below its 30-day MA of
$57.17 and 50-day MA of
$59.15, suggesting potential resistance levels. The recent 60-day high of
$64.95 and low of
$55.03 indicate a tight trading range, providing a clear setup for potential rebounds.
Directional Bias: Given the current RSI and proximity to the 60-day low, there is a potential for a reversal. A break above the 30-day MA could signal a bullish trend.
Trade Plan:
- Suggested Entry:
$56.00 (slightly above current close)
- Stop Loss:
$54.50 (below recent low)
- Take Profit Targets:
1.
$58.00 (3.57% gain)
2.
$60.00 (7.14% gain)
3.
$65.00 (16.07% gain)
This setup offers a favorable risk-reward ratio with a potential ROI of over 17% on the third target. Monitor for price action around MA levels for confirmation.
https://privateprofiteers.com
