PepsiCo, Inc.Long
Daily PEPSI Bullish Divergence
Updated
Bullish div on 1D, ticks all the boxes. Bullish div on MACD-H, EFI, macd lines, ATR price channel divergence, EFI ATR channel divergence, and divergence on Stochastic RSI. Impuls on 1W still read, but upwick bar and also EFI on -3 ATR which seems to be a turning point many times
TP1
157,95
TP2:
161,21
Entry
152,89
Stop loss:
149,33
Scaling out as I see fit. At least 50% on 1 ATR, ultimate target of 2 ATR, previous turning points, could be possible, but a bit far. Planning to scale out other half there, or earlier when I detect weakness.
Trade #00004
Hitrate until #00003:
66% (trade 3 still open, but nearing target )
TP1
157,95
TP2:
161,21
Entry
152,89
Stop loss:
149,33
Scaling out as I see fit. At least 50% on 1 ATR, ultimate target of 2 ATR, previous turning points, could be possible, but a bit far. Planning to scale out other half there, or earlier when I detect weakness.
Trade #00004
Hitrate until #00003:
66% (trade 3 still open, but nearing target )
Trade closed: stop reached
Stop reached, trade failed. Bummer!
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