PEPD trade ideas
$PEP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PEP after a Positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
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PEP - PEPSICO, INC + upside break Historic:
08/18/2021 (dd-mm-yy)
Fear & Greed Index: 37
Mid-term forecast (1-3 weeks):
If price breaks the 158-159 resistance, a resumption of a strong uptrend is expected.
Aiming at 163.
If the support at 153-154 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 153 level is broken in the medium term.
Technical analysis:
A triangle forms on the daily chart between 158 and 153, starting on July 27, 2021.
Today August 18, 2021 it can break 157-158 and is expected to rise to 163 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 157-158-159
+ Take Profits:
TP1=163
+ Stop:
Stop1=153
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$PEP with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $PEP after a Positive Under-reaction following its earnings release placing the stock in drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Pepsi Breakouttrade
Entry: Closing price above 147.20$ in combination with a high volume
Stop: 143$
Stopmanagement: ATR Stop daily chart default settings
Description: The price is approaching a significant resistance level which already happened in late 2020 where it was rejected from it. Although it closed above it the low volume indicated a false breakout. The trade will be entered if we close above the resistance level in combination with a high volume.
Cup and HandleHandle low (HL) and MidCup are very close (MC) so there should be a lot of support in this zone.
No recommendation
3 Black Crows is a bearish candlestick pattern. They can appear when price is moving up. Candles 2 and 3 should open within the body of the prior candle so they have some overlap. All 3 should close near their low, making new lows along the way.
This pattern followed a 3 Outside Down candle pattern which is also bearish.