PEPD trade ideas
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 looking really bullish going into earningsHey everyone, If you enjoyed this analysis leave a thumbs up or comment your thoughts below!
On the chart we can see PEP has been putting in lower lows and the rsi is putting in higher lows showing a bullish divergence, along with this were seeing it currently sitting in a bull flag just waiting to break out. On top of that I personally believe Pepsi will have a solid earnings report tomorrow morning.
Im putting the price target at around $144.
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
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 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.
