Dec. 6 at 1:48 AM
Actionable Trade Alert for
$KDP:
Market Context:
$KDP is currently trading at
$28.58, showing strong momentum but is approaching overbought conditions with an RSI of 67.79. The price is above the 30-day MA of 27.34 and the 50-day MA of 26.93, indicating bullish sentiment. However, caution is warranted as the RSI suggests potential for a pullback.
Directional Bias: The recent price action is bullish, but with the RSI nearing overbought territory, a slight correction could occur before further upward movement. The 60-day high of
$30.01 provides a key resistance level.
Trade Plan:
- Suggested Entry:
$28.50
- Stop Loss:
$27.50 (1.5% below entry)
- Take Profit Targets:
- TP1:
$29.00 (1.75% ROI)
- TP2:
$29.75 (4.25% ROI)
- TP3:
$33.50 (17.3% ROI)
Monitor price action closely, and adjust stop loss to protect profits as targets are hit.
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