hdon94
Long

PEP - Possible Bullish Swing Trade

NASDAQ:PEP   PEPSICO INC
Here is a bullish swing trade that I may take if PEP moves over the next several days as I would like it to. What I see on the daily chart is a double bottom followed by a breakout of the double bottom neckline and now the price has pulled back to re-test the neckline. What I want PEP to do over the next few days is to form an S-Curve like the blue line I have drawn. It is still too early to set an entry or stop but hopefully, they can be set sometime next week.
Here is the hourly chart where you can get a better look at the double bottom , the breakout, and the re-test.


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