Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis October 25 2022

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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc., (PEP:NASDAQ): Daily Chart, October 25 2022, 

PEP Stock Market Analysis:Moving as expected from the last update, we are looking for furtherupside at this point in the months to come. We will have additional confirmation once we break theprevious ATH.

PEP Elliott Wave count: Wave {iii} of 3.

PEP Technical Indicators:We are above all EMAs.

PEP Trading Strategy: Looking to slowly build up longs on three-wave pullbacks to the upside.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Pepsico Inc., PEP: 4-hour Chart, October 25 2022

Pepsico Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for every pullback to the downside to find support. We willtry to take wave (ii) as the optimal entry point.

PEP Elliott Wave count: Wave (i) of {iii}.

PEP Technical Indicators: Above all EMAs with RSI starting to form bearish divergence topotentially indicate the end of wave (i).

PEP Trading Strategy:Looking for a clear three wave move in wave (ii) to start placing longs.