Trading Idea for PepsiCo, Inc. (NASDAQ)

PepsiCo, Inc. (NASDAQ)

#PEP

The trend is up. The stock is trading in the range of the 365 and 135 EMAs. The downward truncated wave pattern ended with a breakout of the sloping channel. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator is signaling oversold conditions.

Trading idea:

Buy on the formation of the upward wave pattern.

Stop Loss – 139.24.

Target levels – 141.90; 143.50.