CFD Trading – Buy Pepsico Inc. (PEP.NAS) @ $169.70. Stop @ $165.80 and Target @ $175.80

Pepsico Inc. Stock Code PEP.NAS

Outlook

Price broke above the cloud in the previous trading session and could be heading towards the previous high at $175.81 in the next 1-2 weeks. Price has also broken above an Ichimoku V-shaped structure, hinting at a bullish price trend as well. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish and is hinting at a bullish price trend. We think price is likely to move higher to the previous high at $175.81 in the next 1-2 weeks.

Strategy                  

$169.70              Buy

$175.80              Price Target

$165.80              Risk Management Stop

2 weeks              Trade Duration

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