PEPSIIII - Long Term Super Over Sold Conditions
This play does not make the much sense to me via a fundamental perspective regarding the economic outlook of companies like PEPSI, Coke and KO. But, from an investment standpoint, they control the food/drink market and have seen stagnant numbers and low growth regarding there products. Our new leader RFK Jr. in the food industry might start a complete overhaul of the products forcing these companies to rethink there targeted audiences/ marketing campaigns and adapt to this generations pallet.
Short term it needs to build more structure and a foundation, on the other hand watch out for a V shaped reversal in the coming weeks.
Target #1 - $155
Target #2 - $160
Target #3 - $170
Stop Loss - $140
Stay tuned for option position longs, I will personally be investing money in them as well.
Short term it needs to build more structure and a foundation, on the other hand watch out for a V shaped reversal in the coming weeks.
Target #1 - $155
Target #2 - $160
Target #3 - $170
Stop Loss - $140
Stay tuned for option position longs, I will personally be investing money in them as well.
Trade active
Id double down here and then short it and cut long positions if it breaks down 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.