Keurig Dr Pepper Inc completes what looks to be a bull flag pattern.
After having established a “Go” trend toward the end of December, price ran to a high on strong blue bars in the middle of January. We saw a Go CounterTrend Correction red arrow at this high indicating that price may struggle in the short term. Since then, price has pulled back and we have seen many weaker aqua “Go” bars. As this happened, the GoNoGo Oscillator fell to the zero line and we saw the climbing grid of the GoNoGo Squeeze rise to its extreme as volatility waned. Now, price trend has strengthened with a strong blue “Go” bar as it breaks out of the flag pattern, and the GoNoGo Oscillator has broken the GoNoGo Squeeze to the upside telling us that momentum has returned in the direction of the “Go” trend. We can look for price to set a new high.
