Stay 
Trading Conditions
Products
Tools
Buying Mondelez stocks is hedged by selling Merck.
Buying shares of Mondelez International (#MDLZ). US multinational food company.
On the daily chart, the price has consolidated above the Kruzenshtern indicator line (moving blue) and went above the balance indicator line (red). It is a sign of shifting the market interest towards buying this stock in the short or medium term. The first target for this outlook is the nearest nested price channel line around 64.42, just above the June 2021 high.
Selling Merck & Company shares (#MRK). US multinational pharmaceutical company.
On the weekly chart, the price has consolidated under the Kruzenshtern indicator line, the Marlin oscillator has forcefully penetrated into the downward trend zone. The target of the observed movement is the nested price channel line near 63.76, which coincides with the high of January 2018. The price made an attempt to reach this price channel line in March 2020. However, then the target was not reached (grey oval on the chart). Now the price has a second try.
On the daily scale chart, the price is declining in a technically complete downtrend; under the balance and Kruzenshtern indicator lines, the Marlin oscillator is in negative territory.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
