Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 9 January 23

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Pepsico Inc., Elliott Wave Technical Analysis

Pepsico Inc.,(PEP:NASDAQ): Daily Chart, January 9 2023,

PEP Stock Market Analysis: Looking for further upside into wave {iii}. We either completed thecorrection after the leading diagonal or else we will be correcting lower into a double correction.

PEP Elliott Wave Count: Wave (c) of {ii}.

PEP Technical Indicators:20EMA acting as resistance.

PEP Trading Strategy:Looking for longs if upside is confirmed.

TradingLounge Analyst: Alessio Barretta

 

 

Pepsico Inc., PEP:4-hour Chart, January 9 2023,

Pepsico Inc., Elliott Wave Technical Analysis

PEP Stock Market Analysis:Looking for upside confirmation with a break of wave (b) whichcould also trigger longs.

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

PEP Technical Indicators: 20 and 50EMA crossing.

PEP Trading Strategy:Looking for longs on the break of the top of wave (b).