PEPB34 trade ideas
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.
PEP - Monthly Support (24/8/20)Forming Ascending Triangle and Squeezing yellow dot on weekly and daily.
PEPSI Looking for the next buy up
Hello traders:
Looking at PEP for more upside potential.
We see the price has made a sharp move down from the Covid, and quickly had a reversal bullish impulse up.
Price begin to form this larger structure, good signs for continuation.
Latest price action see a breakout from this structure and forming lower time frame correction.
I would like to see how the price develop here in the up coming days in the NY sessions to look for the buy.
Thank you
PEPSI Some Gann and PitchforkPepsi analysis
This is a weekly chart, not very useful for leverage traders.
I recommend going long along the ascending scallop or when the Gann line is reached.
PEPsupport line watching for break which would lead to nice pumps, this is probably the safest play due to the stock being so stable
PEP looks like it might breakDamn! 4 months of consolidation?! Volume is starting to pick up and if the market is green this week it's surely able to help PEP break the ceiling and pass $140. If not you can be comfortably sure that the $127 floor is more solid than the $138 ceiling.
Pepsi (PEP) indicating upward movementThere is strong resistance on 138 for PEP with an Ascending Triangle formation..
Watch for breakout above 138 for an upward movement in the stock
Disclaimer: Not an advice to Sell or Buy!!
Currently breaking out of a trading range after a backtestIf we can break the highs of the last few days we could probably see it push up to atleast $145
PEP - Channel Breakout Backtest CompleteBacktest completed - will be looking to add calls depending on market outlook. Blue line was first target, we will need to reclaim that and shoot for red line as second target. Good luck!!
$PEP- LongI am looking to go long on $PEP once above the key level pivot.
My first target will be @ 1 fib level. Will hold for continuation to 1.618 fib level
PEPSI pay attention to this correction for longHi traders:
PEP also falls on my mid/long term watch for equities buy.
We see price dropped sharply from mid February, and strong bull impulse up.
Price then begin to form a larger continuation correction structure, giving us a good potential opportunities for more buy.
Currently this structure is not complete yet, I would wait for price to tag the bottom of the structure and observe for reversal indication,
or price breaks out of this large correction and in this case I will wait for smaller continuation correction to go long.
Thank you
Pepsi Long Fib Circle TransitionIn an ascending channel
If nothing wild happens in the market and stability remains this seems to be a good buy
Price may dump when fib transition occurs but im betting that the ascending channel will prop price up
Doesn't allign in my mind this sort of growth with the current state of economy, ill take it though.
PEP PT 150 PEP beat earnings today. Looks like a bull flag has been in the works or it's just in the channel. Would buy after it holds above 36. 140c is what I am going for. Tried today but again, covid scare sent everything into the shitter.
PEP Looking BullishBroke up from Ascending Triangle today post earning and rallied to resistance. 2 to 3 days around 137.50/138 will set the stage for a breakout and test of all time high around $145
PEP - 1st Target of Breakout Reached Earnings beat this morning. First target reached. Added green additional resistance before second red line target in near future. Broke out of 2-3 month consolidation. Look for the 4hr and day time frames to hold the channel breakout as well. Good luck to all!!
PEP - Channel BreakChannel breakout in progress. Will need a second candle to confirm but this is a good step. First target blue line, second target red line. Trim where necessary to reduce risk. Good luck!!
