Keurig Dr Pepper Inc.Updated KDP - Breaking out or breaking down
KDP is oversold on the weekly chart in regards to indicators. The past 3 weeks/candles show us strong buying pressure at these levels indicated by the long wicks.
VWAP has settled under the price as support, and Q4 is typically a strong sales quarter for soft drink manufacturers.
Within the next week, the price action should break above the resistance trendline and present the opportunity for 6-8% profit.
We will set a tight stop at 3.73% or 27.60.
VWAP has settled under the price as support, and Q4 is typically a strong sales quarter for soft drink manufacturers.
Within the next week, the price action should break above the resistance trendline and present the opportunity for 6-8% profit.
We will set a tight stop at 3.73% or 27.60.
Note
This is a good time to lock in profit. KDP is overbought on the daily and might be heading back down to the ~29.22 price area in the near-term.
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.