PepsiCo reported revenues of $28 billion in the last reported quarter, representing a year-over-year change of +10.9%. EPS of $1.67 for the same period compares with $1.53 a year ago.
The strength centered on the Frito-Lay North America business grew by 25%.
The uptrend remains strong, and the price is heading to the upper part of the channel, the $ 195...
The PEAD projected a bullish outlook for $PEP after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Price has mitigated the bullish POI at 160.98 and broke minor market structure to the upside. Price has built buy-side liquidity from late December 2022 to early January 2023. 2 scenarios that could happen here. 1) Price could potentially going higher to take out the buy-side liquidity first then drop lower to fill the fair value gap at 166.60. 2) Price filling...
PEPSI released earnings today and announced a 10% increase in its dividend. The stock is trading within a large rising channel.
The MACD is turning up and a swing to the top of the range is possible here.
Bulls are in control while we trade above $166 (Daily close)
Pepsi reports earnings tomorrow morning.
Based off the bearish consolidation, its looking likely that Pepsi can fall lower on maybe a bad earnings or weak forward guidance.
The trading play that we are watching is a gap down into support and then buying Pepsi as a long. This will be a day trading level we will be looking for.
Pep 1H Setup for Long Call
1- Trend is bullish
2- price is currently on HL
3- Double Bottom can be observed
4- Call for Long
Entry: 170
SL:166
TP: 177 ( Can be trailed till 184)
RRR: 1:2 or 1:4
If you haven`t bought PEP after my last call:
Then you should know that looking at the PEP PepsiCo options chain ahead of earnings , I would buy the $165 strike price Puts with
2023-2-17 expiration date for about
$1.83 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion...
The price is moving up in a ascending channel, that has reached its bottom, so I expect a rebound.
D1:
Good trading!
If you find it useful, like, follow, share!
Price is oscillating in a cyclical manner within a sweeping channel. If it continues to do so, it will be at $193 by March 20th. Keyword: if. It might make sense to pick up a couple calls just in case, they’re fairly cheap. Also, entering long here with a stop outside the channel might make sense as well.
The algorithm has found a wedge in pepsico which gives a great risk return ratio.
Good luck and take care with the red line, where a multiple top pattern could be formed even when the target of the wedge is over it.
Hello dear Traders,
Here is my idea for #PEP
Price closed below yellow line (previous month low)
Targets marked in the chart (green lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
If $PEP crosses over $182.85 tomorrow, a short term signal will trigger which can cause a mid term signal to trigger which in turn could cause a long term signal to trigger catapulting the stock higher for many weeks if it holds up over the stop area in the coming 20 days.
Best of luck,
Ivan Labrie.
How the quicktrade on PEP worked out.
The price broke the given entry level, then took the ema 21h as support and just went to hit the given target.
93.5% of success rate so far after about 200 quickTrade.
