Dec. 25 at 1:48 PM
Actionable Trade Alert for
$KDP:
Market Context:
$KDP is currently trading at
$28.0, showing a neutral RSI of 41.85, indicating potential for upward movement as it is not overbought. The price is near its 30-day moving average (MA30) of
$28.06, suggesting a consolidation phase. The 60-day high of
$30.01 provides a resistance level, while the low of
$25.03 indicates support.
Directional Bias: Given the current RSI and proximity to MA30, there is a bullish bias, especially if it breaks above the MA30. The ATR of 0.57 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$28.10 (slightly above current close)
- Stop Loss:
$27.50 (to limit downside risk)
- Take Profit Targets:
1.
$29.00 (3.2% gain)
2.
$29.75 (5.9% gain)
3.
$32.00 (14.3% gain)
With this plan, the third target offers a potential ROI of over 17%. Monitor price action closely for any adjustments.
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