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PEP

The symmetrical eyeball pattern?.. lol. Next leg up in PepsicoPattern names always make me laugh. I had a conversation with a friend that asked why I bought a stock that did well last week. A part of me wanted to give an interesting answer because that's really what he was looking for. People always want to be sold on a fascinating idea and outwit everyone else. I explained that I didn't really know the fundamentals of the company. I instead pay attention to two main things: How the market buys or sells a stock (any asset) in over what period of time , and how the asset reacts to the buying and selling . He didn't understand, so I just said there was a tight ascending triangle above a symmetrical rectangle. He thought I was trolling. Patterns are just an expression of market behavior. Back to the eyeball pattern (not a real pattern name fyi)... Pay attention to symmetry - symmetry in markets (in price and time) increases the probabilities. Execution : - Wait for a daily breakout above the blue or find an aggressive position in anticipation of the breakout. Entry: Long the September 18 140 and 145 calls. Pepsico is a low vol stock so options are a good way to leverage a good set-up for a good profit. Exit: Sell the 145 call if/when price hits 144.20 before September 18. Hold the 140s until expiration or a sell signal appears on the daily after the stock hits 144/145. Risk under 135. Price of the 140s are $2.07 finance.yahoo.com Price of the 145s are $.70 finance.yahoo.com For traders new to options, this could be a good exercise for you to follow.
NASDAQ:PEPLong
by Lanmar
PEP looking really bullish going into earningsHey everyone, If you enjoyed this analysis leave a thumbs up or comment your thoughts below! On the chart we can see PEP has been putting in lower lows and the rsi is putting in higher lows showing a bullish divergence, along with this were seeing it currently sitting in a bull flag just waiting to break out. On top of that I personally believe Pepsi will have a solid earnings report tomorrow morning. Im putting the price target at around $144.
NASDAQ:PEPShort
by Jden2418
3
New Pairs Trade (Long PEP vs Short MNST)Hey traders, today I share a pairs trade I put on, going long $PEP and short $MNST in equal amounts betting on a reversion to the mean in the next couple of days and with a tight stop loss to limit the downside. These are two similar stocks which make for a great pair and you can see on the Range Strength indicator the pair is currently trading in a strong range which is what we want to see before we take a signal from the Buy Sell Bands. Stay tuned as i'll be updating this trade idea as it progresses. Have a great weekend! Jared
NASDAQ:PEP
by Click-Capital
1