MDLZ rally prior to earnings 71-75$
מעודכן
Good technical trendline based set up with two potential profit areas that can transpire prior to the JUL 23 earnings date.
Bounce on support
RSI oversold
Good RRR
I plan on taking profits at the POC level right around 71$ and holding a smaller portion up to 75$ in case we do break out. Don't really want to hold into earings because of the uncertainty!
Bounce on support
RSI oversold
Good RRR
I plan on taking profits at the POC level right around 71$ and holding a smaller portion up to 75$ in case we do break out. Don't really want to hold into earings because of the uncertainty!
הערה
for the past 3 quarters have seen the stock rally roughly within 20 days prior to earnings follwed by a pump or dump and i believe the same pattern can unfold hereהערה
looking at the hourly we could continue ranging in this box but i believe the confluence points to a more likely break out to the upside. Entered right around here during the last trading session.הערה
Thats a hard wick indicating that the buls are still holding support and as a result my trade is still active but will be watching a potentai break down that can bring us down to the 64$ region and invalidate the tradeהערה
עסקה סגורה: הגיע לסטופ
This didnt pan out as i would have liked. Perhaps it may be a liquidity grab or it may be the breakdown , my stop was hit and my position closed.הערה
הערה
i think this might be worth revisiting under a different lensהערה
looks like we were met with support around this level, will continue to monitor this closelyהערה
HUGE day tocday, looks like this finally caught traction, definitely expecting more upsideהערה
strong support being established hereהערה
key area hereהערה
strong strong supoort level here , risk profile very attractive at this level.
כתב ויתור
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