Mondelez International may fall to 65.60 - 66.70

Our pivot point is at 72.1.

Our preference

The downside prevails as long as 72.1 is resistance.

Alternative scenario

The upside breakout of 72.1 would call for 74 and 75.1.

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 share stands below its 20 and 50 day moving average (respectively at 72.868 and 72.3038).

Supports and resistances

75.1 **

74 *

72.1 **

71.4

70.53 (USD-last)

67.8

66.7 **

65.6 *

64.5 **

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