Buy opportunity: Mondelez golden cross and trend line support
Updated
MDLZ had a golden cross on the daily chart. Price is above the 50MA and 200MA, those provide good support. Trend line/parallel channel also gives support.Entry strategy: wait for the next bullish candle which confirms the uptrend and cross above 42.96
TP: 44.85
SL: 41.50
Trade active
Trade is active. Price crossed the entry level.Note
So far the price is climbing up nicely. Stop loss can be moved up to entry price, if someone wants to minimize the risk.Trade closed: target reached
Trade closed at entry level or higher if someone used trailing stop.
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