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10/06/21 10:53
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By tradinglounge · Posted
Pepsico Inc., Elliott Wave Technical Analysis Pepsico Inc., (PEP:NASDAQ): Daily Chart, August 17, 2022, PEP Stock Market Analysis: Moving as expected, we are looking for extension higher as expected. We should be in wave (iii) of {iii} of 3 as expected, which should give us a vertical incline. PEP Elliott Wave count: (iii) of {iii} of 3 PEP Trading Strategy: Build long positions on every bullish pullback with stop on the last significant low. Short term we strongly favor the upside. PEP Technical Indicators: We are above all EMAs and there’s more room for further RSI upside. TradingLounge Analyst: Alessio Barretta Pepsico Inc., PEP: 4-hour Chart, August 17 2022, Pepsico Inc., Elliott Wave Technical Analysis PEP Stock Market Analysis: Looking for wave (iv) of {iii} for a potential entry. PEP Elliott Wave count: Wave (iii) of {iii} PEP Technical Indicators: All technical indicators suggest bullish momentum. PEP Trading Strategy: Looking for bounces off the 20 EMA(red line) as support.
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Question
Guest JOSE PALAZUELO
Hi all,
about trailing stops using PRT and ProOrder, I got a message like "minimal incremental for this market is XXX amountperpoint".
My trade was starting at $286,52, buying 4 stocks ($1000 cash rounded up), and I had a trailing stop at $170, but when the platform tried to place the trailing stop (at $244,02) , it was not accepted with the message:
"the trailing stop distance is set below the minimum requirement. The minimum distance for this market is 28,652 amount per point"
Can you please let me know what this means and how make this strategy works?
Thank you in advance
JP
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