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thealecbellamy
Oct 14, 2020 10:58 PM

PEP - Bull Flagging after Consolidation Breakout Long

PepsiCo, Inc.NASDAQ

Description

Been awhile since I’ve posted about PEP - Gap through consolidation to start the week off. Then the stock tagged the 143.77 resistance created in March and September, and is continuing to hold in the 140’s above the 9 day ichimoku average line, indicating a positive continued trend. Looking to close out weeklies around 147 resistance from pre-Covid timeframe. Below 142 this could be a bust. Above 143.77, jump on the train!! (In end of October calls - 145, 150 strikes)
Comments
thealecbellamy
Had to stretch the expiration on calls to end of November, dirty mm’s... lmao, but still expecting 147, then 150+
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