Dec. 19 at 3:27 PM
$MDLZ: Current market context shows a recent close at
$54.78, indicating a potential buying opportunity given the RSI at 30.05, which suggests the stock is oversold. The price is also near the 60D low of
$53.13, providing a favorable risk-reward ratio.
Directional bias is bullish as the stock may rebound from oversold conditions. The 30-day moving average (MA30) at
$55.79 and the 50-day moving average (MA50) at
$57.66 indicate potential resistance levels, but the current price suggests a bounce could occur.
Suggested trade plan:
- Entry:
$54.80
- Stop Loss:
$53.00 (1.5% below entry)
- Take Profit Targets:
1.
$57.00 (Target 1, 4% ROI)
2.
$59.00 (Target 2, 7.5% ROI)
3.
$64.00 (Target 3, 16.5% ROI)
This plan provides a solid strategy with a potential ROI of over 17% on the third target. Monitor closely for market changes.
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