PEP eyes on 165.3x below, 171.48 above: Key levels into earnings
Updated
PEP earnings report due today after hours.
Key support below formed by a double fib.
Proven resistance above will be a hard break.
$ 165.35 - 165.31 is the exact support
$ 171.48 will be strong resistance above.
$ 161.49 will be key uptrend support below.
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Key support below formed by a double fib.
Proven resistance above will be a hard break.
$ 165.35 - 165.31 is the exact support
$ 171.48 will be strong resistance above.
$ 161.49 will be key uptrend support below.
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Note
BOOM
Perfect bounce from our fibs:
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Zoom IN (m5)
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.
.
Addomg a fib to our bounce:
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.
,
Earnings report may have started an uptrend.
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Trade active
Perfect bounce from our fibs:
Zoom IN (m5)
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.
.
Addomg a fib to our bounce:
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.
,
Earnings report may have started an uptrend.
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Trade closed: target reached
PING
Perfect target hit PREFECTLY (of couse).
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Zoom IN (m5)
Given the PING on red 1.618, look for the 2.618
May not reach that deep or it may fall through.
So we take profits at expected tops then watch.
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Trade active
Here we are:
Just hit the top of our support zone.
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Zoom IN (m1)
Looking good, need a little bounce on top bound.
If drops to bottom of zone, it should bounce well.
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Trade active
PERFECT exit, still scouting for Longs again:
See the many notes in snapshot.
Next possible re-buy will be $169.46
Ideal but scary buy at $167.62-167.76
But overall, I think bulls are NOT very strong.
Any re-buys should be small until signs of strength.
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