MDLZ rally prior to earnings 71-75$

Güncellendi
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!
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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

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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.

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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
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İşlem kapandı: durdurma seviyesi
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.
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i think this might be worth revisiting under a different lens

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

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HUGE day tocday, looks like this finally caught traction, definitely expecting more upside
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strong support being established here

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key area here

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

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Support and ResistanceTrend AnalysisTrend Lines

Feragatname