Interpretation of the KDP chart:
The Fibo clouds on KDP's daily chart have gradually aligned giving favorable support to the candles' evolution. The compactness of the Fibo clouds from different time periods signals the direction and strength towards the first target to be reached
When the first target is reached, the stop loss must be moved to the position...
This is perplexing, market structure speaking, Dr. Pepper is in a downtrend. Price is sitting at the top of a channel. The monthly candle looks weak and the weekly is all that promising. The question here is whether or not to take the long trade and pullback. Why? Well, two big down days in the market, and Dr. Pepper endured those with two green days.
I am not willing to take this long given that it is in the upper channel of a downward trend. I also provide a couple of other examples of trades that are/ were in a similar setup just at a better point in the over all trend.
Aggressive Trend Trade 8F
- short balance
- unvolumed ICE
+ bigest volume Sp
- weak volume test closed below ICE
+ first bullish bar close similar level entry
Calculated affordable virtual stop loss
1 to 2 R/R take profit before volume resistance zone / before CREEK
Daily Context
- short impulse
+ biggest untested volume T1
+ biggest untested volume...
If this trade triggers and then stops out, I will put Dr. Pepper in my coffee maker "as the water" and make some Dr pepper coffee and DRINK IT! ;-)
;-)
;-)
AND FILM IT
Ah, once again I'll try with this name. If it can break and hold that historical support/resistance area, then it should definitely rally, at least to a point, this time.
...should
KDP is showing an interesting cup and handle with a potential measured move of 5 points. A break below support invalidates the pattern. Today's action is less comforting, so tight stops are needed for short-term plays.
Keurig Dr Pepper Inc. is a major player in the non-alcoholic beverage industry. The company's fundamentals appear solid, with a healthy operating margin and a positive profit margin. The P/E ratio is relatively high, suggesting that the stock might be overvalued. The company has a moderate level of short interest, but it's not alarmingly high. The recent...
Going long based on the cup and handle. If it breaks out of the pattern, I'll assess from there; especially since the upside is limited by the Fibonacci level.
The count kind of speaks for itself. It looks like we could be near the completion of a considerably large correction into wave (2).
Questions are always welcome, trade safe!
The PEAD projected a Bullish outlook for $KDP after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 75%.
Bearish
Fundamental
- Negative PEG
- High P/FCF ratio
- High PE ratio
- Stable earnings
TA
- Rising wedge
- Momentum divergence
- High volume spoke on breaking down
The PEAD projected a Bearish outlook for $KDP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
