It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
The stock of Pepsico: trading opportunity
2019-11-29 • Updated
SELL 135.60; TP1 134.90; TP2 134.15; SL 135.90
BUY 137.00; TP 138.00; SL 136.70
The stock of Pepsico formed a higher low and arrived at the resistance line that connects October and November highs in the 136.50 area. The price action is close enough to a bearish “Gartley” pattern. The decline below 135.65 (Nov. 18 high, 100-period MA on H4, 61.8% Fibo of the November decline) will open the way down to 134.90 (50% Fibo) and 134.05 (100-day MA). On the upside, a break above 136.80 will confirm that the price is capable of more upside. In this case, the target will be at 138.25 (Nov. 1 high).
You can trade stocks with FBS using MetaTrader 5.
Are you searching for trade opportunities for December 6-10? Here you go!
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