Mondelez International may rise to 75.40 - 76.60

Our pivot point stands at 69.8.

Our preference

The upside prevails as long as 69.8 is support.

Alternative scenario

The downside breakout of 69.8 would call for 68 and 66.8.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 70.7715 and 70.0196).

Supports and resistances

77.7 **

76.6 *

75.4 **

74.3

71.92 (USD-last)

70.6

69.8 **

68 *

66.8 **

Number of asterisks represents the strength of support and resistance levels.