![US500: A further correction towards 5192 before resuming purchases.](/storage/article/39313/preview/qsLahEtdrOtNPM7Y_2560x600_q70.jpg)
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
2020-07-07 • Updated
The long-term picture is pretty clear for the Pepsi stock. Over the 10-year run, it has been consistently increasing in value. It left 2010 with $60 per share and reached its all-time high at the very beginning of 2020. There were turbulent periods, especially in 2019. However, nothing seemed to be able to kick this stock out of its steady upward-looking trajectory. Even the current crisis. A fierce fluctuation of unseen magnitude is visible at the end of the channel, however, it still doesn’t move away from the main course. Hence, we can take that as a fundamental reassurance that this stock is a strong and resilient one, and for a long-term investor, it should be a good option. Let’s move to shorter perspectives now.
In the mid-term horizon, we are likely to see the price keep going down until it reaches the area of $125 per share. That is where it will probably bounce upwards and go bullish again. Why necessarily so? Because the stock market is nothing different from the rest of the world: after a sudden hit, there is a phase of shock, then a response to the hit, and then a recovery. Currently, we are still in the response phase – that is, a gradual deterioration with relatively large bearish and bullish moves on the way downwards. This phase is natural, logical, and quite expected. In the end, sales of Pepsi should have dropped because sales everywhere (or, almost everywhere) dropped. However, is there is a reason to think that this drop will be protracted over a longer period? Not really. At least, not because of the crisis. People order food out, people start dining in, and in both scenarios, Pepsi is there. Watch for their earnings report in the second quarter – it is coming this Thursday, July 9, at 13:00 MT time. It will largely define the immediate continuation of the curve in the coming weeks.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Coinbase (#COIN) saw its revenue rise to $773 million in Q1 2024, marking a 23% increase from the previous quarter and surpassing analyst expectations.
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!