Elliott Wave Technical Analysis: PepsiCo Inc. - Monday, Jan. 9

black android smartphone turned on screen

Image Source: Unsplash
 

Pepsico Inc.,(Nasdaq: PEP): Daily Chart, January 9, 2023,

PEP Stock Market Analysis: Looking for further upside into wave {iii}. We either completed the correction after the leading diagonal or else we will be correcting lower into a double correction.

PEP Elliott Wave Count: Wave (c) of {ii}.

PEP Technical Indicators:20EMA acting as resistance.

PEP Trading Strategy: Looking for longs if the upside is confirmed.

Analyst: Alessio Barretta

Pepsico Inc., PEP:4-hour Chart, January 9, 2023,

Pepsico Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for upside confirmation with a break of wave (b) which could also trigger longs.

PEP Elliott Wave count: Wave (i) of {iii}.

PEP Technical Indicators: 20 and 50EMA crossing.

PEP Trading Strategy: Looking for longs on the break of the top of wave (b).


More By This Author:

Elliott Wave Technical Analysis: Cardano / U.S. Dollar - Monday, Jan. 9
SP500 Elliott Wave Analysis -
Elliott Wave Technical Analysis: Intel Corp. - Wednesday, Dec. 21

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.