Steady climbing, to be maintained till it breaks the channel
Nice upward channel in Pepsico, looking to sell puts for entry at the lower bound.
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Text book breakout. Looking for a little pullback and we can ride this one for at least 2R.
Probably too early to tell but a breakout from the triangle and a measured move upwards would take us to the 131 area and give us some short term gain.
NASDAQ:PEP Pepsico, INC Stock - NASDAQ (USA) Expanding or Reverse Symmetrical Triangle (Short Signal) Profit:Risk = 2:1 --- Sell Stop (Sell) = $126.18 Take Profit = $123.72 Stop Loss = $127.39 ------ Take Profit = +1.94% Stop Loss = -0.97%
PEP has been forming a large ascending triangle that has been in play for over a year. PEP just broke out of the triangle recently so watch for the brief consolidation and bounce on upper trendline of triangle around $122 for confirmation of the new price target from triangle at around $135-$145.
PEP is one of the name releasing earnings today . During after-hours the stock consolidated above 121.88 level (13 periods eMA) with more then 800k shares and would be nice to see price action getting above 124 to let presume a consolidated move above all time high marked on April the 15th. Another possible scenario would be a consolidation in pre-market below...
The COLA challenge has been won by PEPSICO by diversifying away from COLA, into snacks and other carbonated refreshments. Did PEP see the writing on the wall for sugary drinks before COKE or did the not let pride get in the way of progress?. Pepsico has stolen ground on competitors by the diversification it has set in place through fabulous acquisitions into...
The price reached a resistance zone between 122.00 and 123.00 level, and we got a reversal. RSI confirms the price reversal and gives a bearish signal from the overbought zone. MACD supports a possible downward movement. DMI is bullish and confirms the uptrend, but ADX line starts falling. It tells us that bulls are not so strong now and the market can begin a...
A triangle inside a bigger triangle? Just an idea
Still waiting the completation of the pattern in progress. The company is a "buy and hold", but there must be a reasonable buy, that we belive in area 100-105 dollars. This high quality and low Beta (0.75) share has an interesting dividend yeld of 3.4% and a solid financial position, that could be more desirable as a "safe heaven" in times of market turmoil....
We played the breakout perfectly, now looking at a bullish 20/50 ema cross incoming which could propel this stock to 117+