PepsiCo Getting Benefit from Equity Market and KOPEP the famous PEPSI is definitely getting benefit from the equity market and the correlation with KO so this time is a very similar scenario for both companies. Anyway target is just up to $122.22. However considering I'm not a real sugar lover, neither of Pepsi, I prefer Coca-Cola.
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PEP
PepsiCo, Head & Shoulders pattern and support breakout analysisThe stock has completed a short-term head and shoulders pattern. The price is consolidating and preparing for the next move. It has also broken a support level with high bearish volume and it's going to retest the 110.60 level. If/When the price is gonna swing, the minimum bullish target is around 118.
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This is Cheap To Buy With 1:7 R/RI am expecting (pep) stock to rise from this point as i see a lot of buyers coming in on this reversal onto top with bullish divergence at the support range.
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