Pepsico Inc., Elliott Wave Technical Analysis September 26 2022

Pepsi co Inc., Elliott Wave Technical Analysis

Pepsi co Inc., (PEP): Daily Chart, September 26 2022, 

PEP Stock Market Analysis: It has moved as predicted from the last forecast. However as I cannot see five waves from the last move to the upside, I have reasons to believe we will get another corrective leg.

PEP Elliott Wave count:  {b} of 2.

PEP Trading Strategy: Looking for short off the end of wave (c) of {b}.

PEP Technical Indicators:200EMA acting as support.

Trading Lounge Analyst: Alessio Barretta

Source: Tradinglounge.com Get Trial Here!

(Click on image to enlarge)

Pepsi co Inc., PEP: 4-hour Chart, September 26 2022

Pepsi co Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for wave (c) to reach the point of control up where wave (b) of {a} is.

PEP Elliott Wave count: (b) of {b}

PEP Technical Indicators: The EMAs are crossing, which is often times a sign of reversal.

PEP Trading Strategy: Looking for a short term long to trade wave (c) of {b}.

(Click on image to enlarge)


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