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.
PEPS trade ideas
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.
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