PEP - Breakout Ceiling of Rising Trend Channel

Apr 30, 2023

- PEP has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate.
- The stock has also broken a rectangle formation.
- A decisive break of the resistance at 191 will signal a further rise to 218 or more.
- In case of a negative reaction, the stock has support at approximately 178.
- RSI above 70 shows that the stock has strong positive momentum in the short term.
- Overall assessed as technically positive for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price

*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN

Verify it first and believe later.

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