PepsiCo, Inc.
Panjang

idea for return to support being a cheap entry

51
1->3 : higher high continues the uptrend.
notice number 1 is pushed down by resistance,
then as 2->3 swing occurs this set of sellers
is replaced by buyers

3->4 : confirmation of a switch from resistance
to support and potential continuation entry

what do I think will happen next ?

* uptrend continuation

*obv selling volume broken by buyers via trend measurement

* bull in rsi and mfi as well as oversold on number 4 (almost)

* micro bullish candle confirmation

*vwap touch off bullish candle

* a return to the buy point provides an entry

Penafian

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