The past couple of weeks PEP has been trading inside a symmetrical triangle which within appears to has formed an ascending triangle. Breakout from both happened arround may 6 with above average volume and now price could potentially reach 196 up to 206 price target.
There is a golden cross nearly done in Weekly and the price has recently bounced from EMA 200 that's been the main suppor of the upward trendline since 2010.
Looks like a healthy upward move.
Target 196-206
Stop 175
PEP
There is a golden cross nearly done in Weekly and the price has recently bounced from EMA 200 that's been the main suppor of the upward trendline since 2010.
Looks like a healthy upward move.
Target 196-206
Stop 175
PEP