PEP testing key resistance
PepsiCo Inc. (PEP) having recently come off long-term support, is now testing key resistance, able to absorb weekly buying pressures.
From here, (PEP) can return to long-term support, where a monthly low can be placed.
Thus, there is a two-sided framework.
Buying at long-term support in anticipation of bullish continuation over the following 5 - 6 months, or waiting for a weekly settlement above key resistance where gains of 20% would be expected over a similar time horizon.
From here, (PEP) can return to long-term support, where a monthly low can be placed.
Thus, there is a two-sided framework.
Buying at long-term support in anticipation of bullish continuation over the following 5 - 6 months, or waiting for a weekly settlement above key resistance where gains of 20% would be expected over a similar time horizon.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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