Pull Back FishingPossible stop under C.
Earnings are 4-15 BMO
PEP appears to be trading in a Bull Shark pattern. The second peak is higher than the first, and only the cypher pattern and the shark pattern have this characteristic. The shark is labeled OXABC verses XABCD. It is known to be volatile. BC leg extends beyond O by 113% of the OX leg.
If this goes under 128.32, then it may not be a bull shark pattern. And then again, the landing pad can be volatile. Plus, any pattern can fail.
The BC leg compares to the CD leg in the other harmonic patterns. It is the last leg.
This one looks good because a stop can be close by if you get a good entry(o:
This one has been a bit stuck I guess you would say. It is not moving down or up very far at all. But in the past, PEP is not a super volatile stock. It is not a "rocket stock" as a rule. It is probably considered to be in the defensive category by most. Good dividend and just usually a good stock to have in your basket (o:
Not a recommendation
