Mondelez International may fall to 63.30 - 64.40

69.8 is our pivot point.

Our preference

The downside prevails as long as 69.8 is resistance.

Alternative scenario

The upside breakout of 69.8 would call for 71.7 and 72.8.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 69.4005 and 69.1926).

Supports and resistances

72.8 **

71.7 *

69.8 **

69.1

67.81 (USD-last)

65.5

64.4 **

63.3 *

62.2 **

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