Elliott Wave Technical Analysis, Sept.14: Pepsico Inc.

Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc.,(PEP): Daily Chart, September 14 2022, 
PEPStock Market AnalysisMoving 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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