Nov. 14 at 11:17 PM
$PEP is currently showing a bearish market context with the last close at
$145.85, below both the 30-day moving average (MA30) of
$147.15 and the 50-day moving average (MA50) of
$144.95. The RSI at 33.17 indicates that the stock is approaching oversold territory, suggesting potential for a reversal but also reflects continued selling pressure. The recent 60-day high of
$157.8 and low of
$138.59 indicate a defined trading range, with the current price closer to the low.
For a trade plan, consider entering a short position if the price breaks below
$144, with a stop loss set at
$146.50 to manage risk. Target levels could be set at
$140 (near the 60D low) and
$138 (potential support). Alternatively, if a reversal occurs and the price moves above
$147, consider a long position with a stop at
$145 and target levels at
$150 and
$152.
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