By
Peter Mathers
of
Trading Lounge
Wednesday, September 14, 2022 5:39 AM EST
Pepsico Inc., Elliott Wave Technical Analysis
Pepsico Inc.,(PEP): Daily Chart, September 14 2022,
PEPStock Market Analysis: Moving as expected from the previous forecast. Looking at this point for a potential pivotal point to be found within a few days.
PEP Elliott Wave count: {c} of 2.
PEP Trading Strategy: Waiting for a bottom in place for wave 2 and upside resumption.
PEP Technical Indicators: We past the point of control, however we have strong volume slightly below of where we stand now.
TradingLounge Analyst: Alessio Barretta
Pepsico Inc., TTD: 4-hour Chart, September 14 2022
Pepsico Inc., Elliott Wave Technical Analysis
PEP Stock Market Analysis: Perhaps we are just in wave (iii) of {c} therefore I would be expecting further downside.
PEP Elliott Wave count: (iii) of {c}.
PEP Technical Indicators: There is no reason to support any bullish scenario at the moment as we stand below all averages.
PEP Trading Strategy: Looking for downside continuation on the shorter time frames.
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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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