Use advanced tools to confirm the Rectangle on MDLZ before you trade.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Bearish continuation pattern.
Consolidation. Can break either way.
Market participants tracking Mondelez International should note the latest formation. Price has moved to $60.12 (-1.22%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. This setup is supported by strong volume turnover. A potential breakout level is identified at $59.77, targeting $51.18 with support near $64.35 (R:R 1.88).
What is your outlook on MDLZ?