Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis September 2 2022

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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc.,(PEP:NASDAQ): Daily Chart, September 2 2022, 
PEPStock Market Analysis:It has been moving as expected since the last forecast. At this point we should expect a pullback into wave {b}, unless wave 2 is already finished.

PEP Elliott Wave count:  c) of {a}.
PEPTrading Strategy: Waiting for confirmation of uptrend resumption, knowing that we could get more downside into wave {c} as the correction most likely isn’t over.

PEPTechnical Indicators:We are still above the 200EMA which is a sign we are still in an uptrend on the higher degree.

TradingLounge Analyst: Alessio Barretta

 

 

Pepsico Inc.,PEP: 4-hour Chart, September 2 2022

Pepsico Inc.,Elliott Wave Technical Analysis
PEP Stock Market Analysis: Looking for an upside move to come soon, as wave c) seems to be finished.

PEPElliott Wave count:  (a) of {b}.
PEP Technical Indicators:We found support of the 200EMA and reacted well from it.

PEPTrading Strategy: Looking for upside, on the short term we could look for longs after we get a break of the last lower high and a successful pullback from it.