PEP testing key resistance
PepsiCo Inc. (PEP) having recently come off long-term support, is now testing key resistance, able to absorb weekly buying pressures.
From here, (PEP) can return to long-term support, where a monthly low can be placed.
Thus, there is a two-sided framework.
Buying at long-term support in anticipation of bullish continuation over the following 5 - 6 months, or waiting for a weekly settlement above key resistance where gains of 20% would be expected over a similar time horizon.
From here, (PEP) can return to long-term support, where a monthly low can be placed.
Thus, there is a two-sided framework.
Buying at long-term support in anticipation of bullish continuation over the following 5 - 6 months, or waiting for a weekly settlement above key resistance where gains of 20% would be expected over a similar time horizon.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.