PEP has breached the resistance highs to move slightly up to a new all-time high. PEP is one of the few Index Components that has a new high at the end of August. PEP must now hold on to these gains and not slip back down into the Trading Range. Early September price action will define whether this breakout holds.
Last post: July 3rd 2019. See chart.
Review: Price had created new highs but could have moved back below support.
Update: Price has since continued to move even higher.
Conclusion: Price is making new all-time highs and we may see the start of the next bull trend. We will now look for long opportunities in stocks.
Any comments or questions, do not hesitate...