Mondelez International may fall to 62.60 - 63.70

Our pivot point stands at 69.9.

Our preference

The downside prevails as long as 69.9 is resistance.

Alternative scenario

Above 69.9, look for 71.9 and 73.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 70.4855 and 69.7578). Finally, Mondelez International has penetrated its lower daily Bollinger band (68.11).

Supports and resistances

73 **

71.9 *

69.9 **

69.1

67.57 (USD-last)

64.8

63.7 **

62.6 *

61.4 **

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