Even though I don't use this kind of analysis, was formed a "Cup and Handle" on the PEPSICO chart. Last Friday there was the breakout that occurred with not high volume (below the 10-days moving average). Personally, I would wait for a pullback before opening a long position on PEP.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.