MDLZ rally prior to earnings 71-75$

2024年6月7日

Good technical trendline based set up with two potential profit areas that can transpire prior to the JUL 23 earnings date.

Bounce on support
RSI oversold
Good RRR

I plan on taking profits at the POC level right around 71$ and holding a smaller portion up to 75$ in case we do break out. Don't really want to hold into earings because of the uncertainty!

2024年6月7日

ノート

for the past 3 quarters have seen the stock rally roughly within 20 days prior to earnings follwed by a pump or dump and i believe the same pattern can unfold here

2024年6月7日

ノート

looking at the hourly we could continue ranging in this box but i believe the confluence points to a more likely break out to the upside. Entered right around here during the last trading session.

2024年6月11日

ノート

Thats a hard wick indicating that the buls are still holding support and as a result my trade is still active but will be watching a potentai break down that can bring us down to the 64$ region and invalidate the trade

2024年6月11日

ノート

2024年6月13日

トレード終了: ストップロスに到達

This didnt pan out as i would have liked. Perhaps it may be a liquidity grab or it may be the breakdown , my stop was hit and my position closed.

2024年6月13日

ノート

2024年6月20日

ノート

i think this might be worth revisiting under a different lens

2024年6月20日

ノート

looks like we were met with support around this level, will continue to monitor this closely

2024年6月25日

ノート

HUGE day tocday, looks like this finally caught traction, definitely expecting more upside

2024年7月4日

ノート

strong support being established here

2024年7月10日

ノート

key area here

2024年7月11日

ノート

strong strong supoort level here , risk profile very attractive at this level.