Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis November 11 2022

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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc., (PEP:NASDAQ): Daily Chart, November 11 2022, 

PEP Stock Market Analysis: Looking for five subwaves within wave {i} of 3. It looks like wehave further upside left into wave (v) as we start to move sideways for wave (iv).

PEP Elliott Wave Count: Wave (iv) of {i}.

PEP Technical Indicators:Using the 20EMA as support.

PEP Trading Strategy:Waiting for wave {ii} to place long term longs.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Pepsico Inc., PEP: 4-hour Chart, November 11 2022

Pepsico Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis: Looking for wave (iv) to come to an end soon, potentially we coulddevelop into a triangle, invalidation level is a break south of red line at 176$.

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

PEP Technical Indicators: Above all EMAs and RSI is starting to form bearish divergence.

PEP Trading Strategy:Placing longs with a stop below red line, looking for a short andpotentially quick upmove in wave (v).