Nov. 13 at 12:57 AM
$PEP is currently trading at
$145.05, showing a bearish market context as the RSI at 30.63 indicates oversold conditions, suggesting potential for a rebound. The price is below the 30-day moving average (MA30) of 146.88, reinforcing a downward trend, but it is slightly above the 50-day moving average (MA50) of 145.08, indicating potential support.
Given the 60-day high of 157.8 and low of 138.59, the price is closer to the lower end of this range, which may attract buyers looking for value.
Suggested trade plan:
- Entry:
$144.50 (slightly below current price to capture potential bounce)
- Stop:
$143.00 (to limit losses if the downward trend continues)
- Target 1:
$148.00 (near MA30)
- Target 2:
$152.00 (mid-range of the 60D high-low)
This plan capitalizes on the potential for a short-term rebound while managing risk effectively.
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