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Trading Idea - PepsiCo, 23-11-2023
Trading Signal: #S-PEP
| Order | Buy |
| Direction | Bullish |
| Pattern | Resistance Line Breach |
| Interval | Daily |
| Length (Candles) | 16 |
Idea Summary
The medium term PepsiCo stock price forecast is bullish. The #S-PEP price is testing Fibonacci 38.2 level after breaching a resistance . Most likely the price will continue rising and breach above Fibonacci 38.2 and climb to test the 200-period moving average MA(200), while there is a likelihood it may fail to breach above Fibonacci 38.2 rising and reverse to test Fibonacci 23.6 level.
Note:
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