US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
PepsiCo: reports coming
2021-10-05 • Updated
Earnings report
Pepsi is announcing its Q3 earnings this Thursday. The EPS forecast is $1.47-1.48 – down from $1.56 for the same quarter last year. This year, the results for Q1 and even Q2 were higher than expected so there is a strong probability that the Q3 number will also beat the forecast. Will it push the stock price though? Let’s see.
Technical chart
The recovery didn’t push the stock price much higher than the Moving Averages. Since March, the performance of this stock has been contained between the support of $130 and the resistance of $138. The first week of September saw a spike to $144, and since then, it has all been going down. The price bounced upwards from the support of $130 and currently is testing the 100-MA and 200-MA at $134. Very likely, the earnings report will not have a big effect on the price – the nearest bullish targets are already set at $138 and $144. The question is: when will it go for them? With a successful earnings report, that “when” may be sooner than later.
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WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
