Elliott Wave Technical Analysis: PepsiCo Inc. - Tuesday, Oct. 25

blue and red pepsi can

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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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