PepsiCo, Inc.
Pembelian

PEP eyes on 165.3x below, 171.48 above: Key levels into earnings

Diupdate
PEP earnings report due today after hours.
Key support below formed by a double fib.
Proven resistance above will be a hard break.

$ 165.35 - 165.31 is the exact support
$ 171.48 will be strong resistance above.
$ 161.49 will be key uptrend support below.

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Catatan
BOOM
cuplikan
Perfect bounce from our fibs:

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Zoom IN (m5)
cuplikan
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.

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Addomg a fib to our bounce:
cuplikan
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.

,

Earnings report may have started an uptrend.

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Trade aktif
Perfect bounce from our fibs:
cuplikan

Zoom IN (m5)
cuplikan
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.

.

Addomg a fib to our bounce:
cuplikan
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.

,

Earnings report may have started an uptrend.

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Trading ditutup: target tercapai
PING
cuplikan
Perfect target hit PREFECTLY (of couse).

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Zoom IN (m5)
cuplikan
Given the PING on red 1.618, look for the 2.618
May not reach that deep or it may fall through.
So we take profits at expected tops then watch.

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Trade aktif
Here we are:
cuplikan
Just hit the top of our support zone.

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Zoom IN (m1)
cuplikan
Looking good, need a little bounce on top bound.
If drops to bottom of zone, it should bounce well.

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Trade aktif
PERFECT exit, still scouting for Longs again:
cuplikan
See the many notes in snapshot.
Next possible re-buy will be $169.46
Ideal but scary buy at $167.62-167.76

But overall, I think bulls are NOT very strong.
Any re-buys should be small until signs of strength.

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FibonaccigoldenratioSupport and Resistance

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