The Stock Price of Pepsico (PEP) Is Retracting from Its Yearly High
On April 23, the quarterly report of PepsiCo's performance for the first quarter was published, which was awaited anxiously.
The issue stemmed from the fact that in December 2023, the U.S. Food and Drug Administration (FDA) announced the recall of over 40 Quaker Oats products – a company owned...
Asset and Time frame - PEP, Weekly
Entry Price - 178.12
Exit(Stop Loss) -172.91
Exit(Take Profit) - 196.86
On the daily chart, the price has started breaking the 10-day swing high with a restest, but the main timeframe here is weekly, on the weekly chart, the price broke the 100SMA & the swing high after making an indecision candle and seems to start going north,...
If you haven`t bought the dip on PEP:
Then analyzing the options chain and the chart patterns of PEP PepsiCo prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $4.70.
If these options prove to be profitable prior to the earnings release, I would...
Trading is simple but it is not easy
If It was easy everyone will be making money, it is simple in the sense that a set trading plan once followed can yield positive probability results.
I will teach you my most successful trading method. I have been using this method for years & it is no secret, this trading technique is used by many traders, the more traders...
PEP had a strong bullish engulfing candle today after a small selloff on positive earnings. I did enter the position with some cash on my last charge post for PEP. Fundamentally I think 192-200$ over the next year sounds reasonable. This is not going to produce astronomical gains, but reasonable and safer gains as we approach recession territory. I believe the...
PepsiCo ( NASDAQ:PEP ), a multinational food, snack, and beverage corporation headquartered in Purchase, New York, exceeded revenue expectations in the first quarter of the year, driven by strong international demand for its snacks and beverages.
During the January-April period, the company reported a 2% increase in revenue to $18.3 billion, surpassing Wall...
Today I finally added PEP to my long-term portfolio. This is a value play for me and I plan on parking a large amount of cash here over-time. I expect this to heavily out-perform money market this year. My plan is to sell this a year plus out to capture the value discount we see here. I am a very heavy buyer if we dip to 165$ here.
-I like to have defensive...
Reasons for bullish bias:
- Price gave range breakout
Here are the recommended trading levels:
Entry Level(CMP): 174.16
Stop Loss Level: 161.62
Take Profit Level 1: 186.7
Take Profit Level 2: Open
Pepsico reached a Monthly demand zone before reacting.
1) Weekly big liquidity was taken (dotted line)
2) Price Reacted and took again a liquidty in daily timeframe before braking the structure and become bullish
I'm expecting the price now to continue to be bullish and reaching new highs.
Downside risk 8%
Upside gain 25-35%
NASDAQ:PEP
-Has been on a bull run since 1981
-Every while does a 10-20% correction,
(and up to a 40% correction in case of a major economic crisis)
-Always goes back up to a new all-time-high...always
-Is now done about 20% from all-time-high
-Prices now are the same as it was in Nov 2021
-The last time it did such a correction was in 2020
I would say it is a...
Some old and new rules when it comes to diagonals.
Further notice can be added that diagonals actionary waves can be composed either by zig zags or impulses
so Waves
1/3/5 can be Impulse
or
1/3/5 zig zags
We cant have hybrids where we mix zig zags and impulses.
Actionary waves in ending diagonals can only be formed by zig zags and never Impulses.
Every...
cereal for dinner is an old concept but for a rich dude to tell us that just seems wrong. iits better than air for dinner and sleep for dessert. i digress tho, playing the down side for pepsi today into the 160ish area
PEP has possible outcomes
1. Remain the broader range of 157 - 180 - Good position for PCS and adding later CCS
2. Breakout upwards - likely to test next resistance 180 levels
hi traders
PEP is not looking good here.
The price created a double top pattern which is bearish.
We expect the price to retest the neckline and if we get a successful breakdown the short position can be taken.
The target for shorts: 155 $
The invalidation would be if the price reclaims the support after the successful breakdown. In this case the short position...
PepsiCo (NASDAQ: NASDAQ:PEP ) has once again demonstrated its ability to weather storms and adapt to changing market conditions. The latest quarterly earnings report from the beverage and snack giant paints a nuanced picture of both triumphs and challenges, offering insights into the intricacies of consumer behavior and economic factors influencing purchasing...
