PEPC trade ideas
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.
New Pairs Trade (Long PEP vs Short MNST)Hey traders, today I share a pairs trade I put on, going long $PEP and short $MNST in equal amounts betting on a reversion to the mean in the next couple of days and with a tight stop loss to limit the downside.
These are two similar stocks which make for a great pair and you can see on the Range Strength indicator the pair is currently trading in a strong range which is what we want to see before we take a signal from the Buy Sell Bands.
Stay tuned as i'll be updating this trade idea as it progresses.
Have a great weekend!
Jared