Mondelez International may fall to 65.00 - 66.10

Our pivot point is at 71.9.

Our preference

Target 66.1.

Alternative scenario

The upside breakout of 71.9 would call for 73.7 and 74.8.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (70.9115) but above its 50 day moving average (69.9274).

Supports and resistances

74.8 **

73.7 *

71.9 **

71.1

70.22 (USD-last)

67.2

66.1 **

65 *

63.9 **

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