Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis September 14 2022
Pepsico Inc., Elliott Wave Technical Analysis
Pepsico Inc.,(PEP:NASDAQ): 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.
PEPTrading Strategy:Waiting for a bottom in place for wave 2 and upside resumption.
PEPTechnical 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 AnalysisPEP Stock Market Analysis: Perhaps we are just in wave (iii) of {c} therefore I would be expecting further downside.
PEPElliott 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.
PEPTrading Strategy: Looking for downside continuation on the shorter time frames.
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Let’s see how the price is going to move now. It’s value stock anyway, so need to keep it for long.
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