Pepsi doing a nice consolidation getting ready for a big movewaiting for breakout to continue trading!
long over 137
short under 127 pref 125
PEP trade ideas
Pepsi: Bull Flag? Earnings 7-11Pepsi has earnings in July so I am watching. Break out level has changed a bit like everything does in the market
Possible Break out is now 135.5 as Pep is trading in a Flag/bullish pattern. Flag patterns are only valid when prices breaks out
Stop: Mine would be below 124.5. Flag pattern provided support for this stock. We all have different tolerance for our stop loss
Target: 144 to 149
Target 2: 162 to 173
$PEP is begging for a break down$PEP chart looks awful. It's practically begging to be shorted. I think we saw a false break out here and now we're returning to earth.
PEPSICO (PEP) Important Structure Breakout
PEP broke below horizontal daily support.
now the market retesting the broken level and for us, it is a perfect opportunity to catch a bearish movement.
target level: 124.5
pepsico in trading rangewait at support for
1) reversal candlestick pattern
2) Golden cross of stochastic
Pepsi - Breakout Coming Soon Pepsi has been stuck in this rectangle for months now.
Been pretty easy to scalp, buy bottom of rectangle, sell at the top.
However, it's been consolidating and we should see a decent breakout to ATH soon.
Bullish on the break above of $139ish
SL would be break below of the box.
Bread & Butter :)
Lets go people!!
Opinions of my own, should not be taken as advice.
$PEP on Potential BreakoutHas a good chance of breakout from the resistance if positive outlook continues with around 8% gain upon hitting the next resistance level.
Quick look at PEPLower time frame EMAs are crossing already, trading within the channel. Everything is consolidating, break out might happen soon.
PEP Long, Uptrend consolidation Condition:
1.Runaway Gap (G1) Shows 40% of this trend.
2.Uptrend Consolidation around EMA144.
3.Looks like wave#4
Projection:
Pending for Trend Line Break (TLB1)
Better see Breakaway Gap (G2)
Earning date: 7/13/2020 6:00 AM ET -- Earning will not affect this plan.
Entry: 132
Stop: 128;
Target1: 145; risk/reward=1:3
Target2: 168; risk/reward=1:9
I am not a professional trader. I need few months to plan trade and trade plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
$PEP small scalp possible. $PEP has been riding in an $8 channel.
2 months of little to no decent price action.
Long term - anything in the range should yield a profit.
Short term - You can try swing trading this.
Limit buy: $133.34
Limit sell:136.72
Stop loss: $130
PEP Analysis Ascending Triangle + Bullish Reversal + EMA Cross + Volume + Dividend
Pepsi Co 4Hr candle closed as a Strong Bullish Belt Hold (Opening White Marubozu), Look for a test of the Upper Resistance level at 133.12. Bullish Momentum can take us to price target of 135.12 before dividend.
Options Play: 06/05 135c (Low Risk/High Reward)
PepsiCo Inc (PEP - NASDAQ) - ABC zigzag wave patternPepsiCo Inc (PEP - NASDAQ) is in ABC zigzag wave pattern, where A wave was impulse five wave up followed by complex B wave correction, which takes so much time just consolidating in the upper zone of A wave up move. Now C wave is going up in its 1st wave, which will confirm the move after completing five wave in smaller time frame, say 5 min. Keep watch on invalidation level of count as stops to target C wave up.
PEP - Buying OpportunityTrading at bottom of recent range, again with massive buying volume recently. Levels are posted above and below.
Pepsico $PEP "Flag"After rally, it is forming a flag. the volume on may 15 is impressive. watch for break out.
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thx
