Wednesday, October 12, 2022 6:45 AM EDT
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$.

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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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