PepsiCo Trading Analysis (16/04/2024)

The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The downward wave structure is truncated.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss at 165.90.

Target price levels at 171.50 and 175.80.

#pepsi #pepsico #stock #tradersroom #daytradingpatterns #forexexpertadvisor