Tuesday, October 25, 2022 7:42 AM EDT
Photo by NIKHIL on Unsplash
Pepsico Inc., (Nasdaq: PEP): Daily Chart, October 25, 2022,
PEP Stock Market Analysis: Moving as expected from the last update, we are looking for further upside at this point in the months to come. We will have additional confirmation once we break the previous ATH.
PEP Elliott Wave count: Wave {iii} of 3.
PEP Technical Indicators: We are above all EMAs.
PEP Trading Strategy: Looking to slowly build up longs on three-wave pullbacks to the upside.
Analyst: Alessio Barretta
Pepsico Inc., PEP: 4-hour Chart, October 25, 2022
Pepsico Inc., Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for every pullback to the downside to find support. We will try to take wave (ii) as the optimal entry point.
PEP Elliott Wave count: Wave (i) of {iii}.
PEP Technical Indicators: Above all EMAs with RSI starting to form bearish divergence to potentially indicate the end of wave (i).
PEP Trading Strategy: Looking for a clear three-wave move in wave (ii) to start placing longs.
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