Mondelez International may fall to 61.50 - 62.50

Our pivot point stands at 67.8.

Our preference

The downside prevails as long as 67.8 is resistance.

Alternative scenario

The upside breakout of 67.8 would call for 69.5 and 70.5.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 68.442 and 68.9938).

Supports and resistances

70.5 **

69.5 *

67.8 **

67

66.07 (USD-last)

63.5

62.5 **

61.5 *

60.4 **

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