KDP Long bull flagAn example of a market that is at ATHs but the long term uptrend is still intact. May be starting to show signs of topping out so will be on the watch out for failures at the previous high.
4KDP trade ideas
KDP - Possible short positionDears,
KDP is heading to all time high resistance, if the resistance is broken, then possible retest at $37 then it will go higher.
Looking to this from different perspectives, i think this is going lower after hitting the resistance at $37.
Once this confirmed, i will open a short position, most probably PUT options for middle 2022.
Let me know your thoughts.
Thanks,
Sam.
KDPAll textbooks on technical analysis state that the reverse H&S pattern cannot be at the top. However, new studies say that the reverse H&S at the top can be executed, I have traded such a pattern on #TSLA, #FB and a number of other securities, and statistically this pattern has a fairly high reliability. The same pattern is now formed on #KDP, with the target of rising to $ 41 (up 31%).
KDP BreakoutGameplan:
Entry: $32.28 Above Figure
Stop: $31.19 Below Figure
Target: $40 Phycological Figure
Setup: Bull Flag
Key Levels: $31.50, $32, $35, $40
I really like this setup because it has technical formation and it has been consolidating for a decent amount of time making it ready to push past previous all-time highs and to hold the $32 area. Another reason I this setup is because of the risk reward, it is set a solid stop located below the recent pivot and has room to push to create new highs in the name.
$KDP Nice Bullish setup supported by volume targeting 34.28Bullish candlesticks setup with huge volume on daily chart. Opening higher will lead to 31.5-32.5-33.2-34.28 ... Keurig Dr Pepper, Inc. engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.
KDP - Breaking out or breaking downKDP 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.
