A good possible bounce area for PEP with the 1) retracement, 2) support/resistance band, 3)t/l intersection.
All this analysis is a subject to Mother Market cooperation.
PEP the famous PEPSI is definitely getting benefit from the equity market and the correlation with KO so this time is a very similar scenario for both companies. Anyway target is just up to $122.22. However considering I'm not a real sugar lover, neither of Pepsi, I prefer Coca-Cola.
Have a Good Trading Week
Cream Live Trading, Best Regards!
Hello guys, today I provide an analysis over Pepsi's Shares, I started applying the DDM (you can find a guide here: pages.stern.nyu.edu ) and I found out that Pepsi in underrated by roughly 17 dollar per share according to the model. Please look at the link below, read how works the model and let me know what you think by comments or PM.
Best wishes,
doc
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