By
Peter Mathers
of
Trading Lounge
Monday, September 26, 2022 4:45 AM EST
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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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 ...
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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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