Live monitoring of the Rectangle setup on KDP. See where price is heading.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation if preceding move was up.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
A clear signal has emerged for Keurig Dr Pepper (KDP) on the daily chart. The stock is trading at $28.38, down 1.1% on the day. Algorithmically, a Bullish Flag structure has completed. The trend indicator is reading 19.7/100, suggesting moderate momentum. A potential breakout level is identified at $29.68, targeting $35.26 with support near $28.27 (R:R 3.97).
What is your outlook on KDP?