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.
Nota
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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Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.