thealecbellamy

PEP - Weekly Consolidation Breakout

Long
NASDAQ:PEP   PepsiCo, Inc.
Stock finally broke out of the weekly consolidation between 127 and 138.7 and is currently back resting the breakout. The stock price found support at the top of the consolidation. Let’s see if we can continue this breakout moving forward. Blue target first, green second, red third. Stock may go through a target easily, but be prepared to trim and take profit as you deem necessary based on your risk portfolio.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.