Stock market: PepsiCo is suffering

Stock market: PepsiCo is suffering

Trade idea

SELL 132.00; TP1 130.20; TP2 128.20; SL 132.50

Despite the overall positive sentiment for stocks, the stock of PepsiCo has experienced a substantial decline this week. The price broke below the support of the ascending wedge and closed below the 100-day MA at $134. In addition, the price action resembles a “diamond” pattern. All of this means that the downside will likely continue if the price slips below $132.15 (50% Fibo of the August-October advance). Targets lie at $130.15 (61.8% Fibo) and $128.10 (200-day MA). Resistance lies at $135.00 and $136.40.   

PepsiCO.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

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!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera