PepsiCo, Inc.Long
PEP to hit $127 by Sept 2018'
PEP clearly trades within an upward channel for a number of years.
Most recently it's hit $109, which is below it's channel support line.
Bullish for PEP.
Macro forces are strong, worldwide, and in USA.
RSI is showing near historical bounce back level (around 40)
Stochastic RSI clearly in the oversold zone, suggesting price will increase.
MACD is also showing a converging histogram, moving to cross 0 soon.
ADX shows a weak trend of 25, and DI is showing negative trend right now, but if a crossover happens, then it should run up.
Most recently it's hit $109, which is below it's channel support line.
Bullish for PEP.
Macro forces are strong, worldwide, and in USA.
RSI is showing near historical bounce back level (around 40)
Stochastic RSI clearly in the oversold zone, suggesting price will increase.
MACD is also showing a converging histogram, moving to cross 0 soon.
ADX shows a weak trend of 25, and DI is showing negative trend right now, but if a crossover happens, then it should run up.
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