Pepsi for potential new high since CovidSeen in green is support with a huge drop because of covid in march.
Seen in red is the resistance but we could see it break the resistance and set a new high for pre-covid.
PEP trade ideas
Giant Ascending Triangle for Pepsi?Pepsi appears to be trading in an ascending triangle drawn in blue, but additionally, there's a noticeable inverted H&S, the blue head icon represents the head, and the two dark green lines are the shoulders.
I have placed a blue finger on the KST to represent a bullish cross.
On the RSI there appears to be a descending channel & potentially a triple bottom where I have placed the three blue fingers.
PEP LongPEP calls above 147.8 (break of ATH) are valid, otherwise a retracement and hold of the bottom trendline should be a more optimal entry.
Option Play: PEPStock closed above key consolidation level at 143.77 on Friday. Stock tried to break through this level 3 times before finally breaking through and closing above for confirmation on Friday. We will see 147.2 shortly for an ATH kiss, and if momentum is strong enough, it could blow right through. Solid rally all together for the market on Friday afternoon helped push this one to confirm the close. Look for a green cloud to form up on the right as the price pulls up - setting up for a gap Monday or Tuesday, maybe Wednesday. Sitting in 147c for 11/20 expiration, and the 150c for 11/27. Good luck if you play!! 147 is my first 🎯 and then I’d base a larger rally on if the market is strong or not. Look for potential stimulus relief talks. In a scenario as such, we could see 155-160. Don’t hold onto calls too long, take profit and leave a runner or two.
PEP - Bull Flagging after Consolidation BreakoutBeen awhile since I’ve posted about PEP - Gap through consolidation to start the week off. Then the stock tagged the 143.77 resistance created in March and September, and is continuing to hold in the 140’s above the 9 day ichimoku average line, indicating a positive continued trend. Looking to close out weeklies around 147 resistance from pre-Covid timeframe. Below 142 this could be a bust. Above 143.77, jump on the train!! (In end of October calls - 145, 150 strikes)
Pepsi trading with a Neutral outlook$PEP is trading on the higher boundary of the projected PEAD with the EPS projecting a neutral outlook for this stock
PEPSI 1 DAYPrices might be currently forming lower highs on to its way to the top as it has an upward bias based on moving averages
PEPThink this could see an ugly move to the downside if it doesn't break above this range soon. Watching.
PEP ER tonight. I believe the gap will be filled tonight.
My trade is a 10/2 135/134 Put debit spread
PEP is a BUY - Small Risk, High RewardI beleive PEP is a spy before earnings. I initiiated a position last week and provided my trade pla on the chart.
I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
PEP - buy support zones analysisHello traders,
Description of the analysis:
PEPSICO ( PEP ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
$PEP finally breaking out of its consolidationThis has been on my watchlist for more than a month now.
Finally broke out of its trading range and target is ATH of $147
PEP - Weekly Consolidation BreakoutStock finally broke out of the weekly consolidation between 127 and 138.7 and is currently back resting the breakout. The stock price found support at the top of the consolidation. Let’s see if we can continue this breakout moving forward. Blue target first, green second, red third. Stock may go through a target easily, but be prepared to trim and take profit as you deem necessary based on your risk portfolio.
daily analysis of PEPSICO INCHi friends
the daily chart of this market shows with a high probability an uptrend in the coming days but it is better to be vigilant to change the direction of this market towards the opposite
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The symmetrical eyeball pattern?.. lol. Next leg up in PepsicoPattern names always make me laugh. I had a conversation with a friend that asked why I bought a stock that did well last week.
A part of me wanted to give an interesting answer because that's really what he was looking for. People always want to be sold on a fascinating idea and outwit everyone else.
I explained that I didn't really know the fundamentals of the company. I instead pay attention to two main things:
How the market buys or sells a stock (any asset) in over what period of time , and how the asset reacts to the buying and selling . He didn't understand, so I just said there was a tight ascending triangle above a symmetrical rectangle. He thought I was trolling.
Patterns are just an expression of market behavior.
Back to the eyeball pattern (not a real pattern name fyi)... Pay attention to symmetry - symmetry in markets (in price and time) increases the probabilities.
Execution :
- Wait for a daily breakout above the blue or find an aggressive position in anticipation of the breakout.
Entry: Long the September 18 140 and 145 calls. Pepsico is a low vol stock so options are a good way to leverage a good set-up for a good profit.
Exit: Sell the 145 call if/when price hits 144.20 before September 18. Hold the 140s until expiration or a sell signal appears on the daily after the stock hits 144/145.
Risk under 135.
Price of the 140s are $2.07 finance.yahoo.com
Price of the 145s are $.70 finance.yahoo.com
For traders new to options, this could be a good exercise for you to follow.
PEP - Monthly Support (24/8/20)Forming Ascending Triangle and Squeezing yellow dot on weekly and daily.
PEPSI Looking for the next buy up
Hello traders:
Looking at PEP for more upside potential.
We see the price has made a sharp move down from the Covid, and quickly had a reversal bullish impulse up.
Price begin to form this larger structure, good signs for continuation.
Latest price action see a breakout from this structure and forming lower time frame correction.
I would like to see how the price develop here in the up coming days in the NY sessions to look for the buy.
Thank you
