MDLZ although has weathered some of the most significant bearish price action amongst other large cap companies has formed an inverted cup and handle chart pattern on the 1D time frame. Could power through this pattern, but....only time will tell
Still pretty new at charting, so any constructive criticism is welcome.
Market structure is clearly bullish especially after the earnings report this past week. A gap formed after earnings that will eventually fill, but this whole picture suggests that the share price will fall lower.
It's currently at a demand zone - but may move below it with ease. Once below...
In the process of studying this company more! My gosh, it moves during the day- in the order of tens of dollars as opposed to one or two.
My thoughts for this week- it is just below a supply zone, so this could be a set up for it to reject the supply or blow right through it to the upside.
We should know within minutes of opening bell…
I’m very new at charting but attempted this chart of NIO for the upcoming week. Based on structure i would expect movement to the downside but marked price points for calls as well (green).
There are two gaps that never filled marked in orange that may make for a bit of price action
Constructive feedback is welcome.
