Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 27 November 23

TradingLounge
2023-11-27

Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc., (PEP:NASDAQ): 4h Chart 27 November 23

PEP Stock Market Analysis: Looking for a potential wave {iv} that keep moving in the opposite direction, which is why we are considering either a diagonal into wave (c) or else we could most likely be in a complex correction and we are moving towards invalidation level.  

PEP Elliott Wave Count: Wave (c) of {iv}.

PEP Technical Indicators: Below 20EMA.

PEP Trading Strategy: Looking for shorts after bearish confirmation.  

TradingLounge Analyst: Alessio Barretta

Source : Tradinglounge.com get trial here!

Pepsico Inc., PEP: 1-hour Chart 27 November 23

Pepsico Inc., Elliott Wave Technical Analysis PEP Stock Market Analysis: Looking for a potential diagonal into wave (c) as we are also starting to form RSI divergence.  

PEP Elliott Wave count:  Wave v of (c)

PEP Technical Indicators: Above all averages.

PEP Trading Strategy: Looking for shorts after bearish confirmation.

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Comments

  • wavyloo
    2023-12-01
    wavyloo

    To be honest i am quite bullish on this stock

  • chimey
    2023-12-01
    chimey

    Betting on PEP's potential diagonal wave c

  • twinkle5
    2023-12-01
    twinkle5

    Chart surfing, hoping it's not a fakeout!

  • dimzy
    2023-12-01
    dimzy

    PEP is not worth our investment!

  • floopi
    2023-12-01
    floopi

    let the positive trend ride.

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