Elliott Wave Technical Analysis: PepsiCo Inc.

Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc., (Nasdaq: PEP): Daily Chart, October 12, 2022, 

PEP Stock Market Analysis: We are moving lower in an overlapping structure which usually signifies the trend is weakening.

PEP Elliott Wave count: {c} of 2

PEP Technical Indicators: We are starting to form RSI bullish divergence.

PEP Trading Strategy: We can take short term shorts, and wait for the large move-up we are anticipating.

Analyst: Alessio Barretta

Pepsico Inc., PEP: 4-hour Chart, October 12, 2022

Pepsico Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Potential ending diagonal forming in wave {c} as we approach the second largest volume point where the green line is.

PEP Elliott Wave count: {c} of 2.

PEP Technical Indicators: Below all averages, 20 EMA acting as resistance.

PEP Trading Strategy: In the following session I will expect further downside as long as we do not break the top of wave (iv) at 164$.


More By This Author:

Chainlink(LINKUSD) Elliott Wave Technical Analysis 12 October 2022
SP500 Elliott Wave Analysis Wave Ii) For Short Trades
Bitcoin Elliott Wave: A Rally, Then Down Into Wave Iii

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.
Or Sign in with