Pepsi and Coke are probably both companies that might do well in a market downturn as well and continuing their current upward run. Looks to have broken through its current resistance area and RSI still looks like there is still some upside available.
PepsiCo, Inc. is a global food and beverage company. The Company's portfolio of brands includes Frito-Lay,...
The price reached a resistance zone between 122.00 and 123.00 level, and we got a reversal. RSI confirms the price reversal and gives a bearish signal from the overbought zone. MACD supports a possible downward movement. DMI is bullish and confirms the uptrend, but ADX line starts falling. It tells us that bulls are not so strong now and the market can begin a...
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.
Keep an eye on Pepsi....the arrows are estimates based on the grid line, not mathematical calculations. Just watch to see if a handle forms and if so the cup line is the breakout. Looks like a 20/50 sma cross may end up being confirmation.
The PEP has a great future going in the south direction. On a weekly chart, the price is near multi months support, red line, and RSI is well under his 50 lvl. To confirm future downside development we need RSI to stay inside 20-40 range, and yes more tweets from Mr. Trump
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak buying flow to a suddenly strengthening buying flow.
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.
Today's S&D strength Flow: Supply-Demand(S&D)...