PEP - Upside down Cup&Handle & Impending Breakout on Bear Flag
Upside down Cup & Handle has been brewing since November. Recently broke out of its handle. Target $127. I'm labeling this short, although I'm not shorting this company. I use these patterns to identify future buy zones. However, we're inside of a clear bear flag right now so I thought it worth sharing.
Nota
Coke is doing the same thing: 
Nota
Let's see if we can get a nice hard bounce off $127. Poor value stocks are getting washed out against the massive gains in growth. But I would not be upset if I could buy this and coke and some other deep value stocks at 30% discounts.Nota
Really nice bounce off $128.50. Broader market looks ripe for a mini-sell off. Use this opportunity to buy when this puppy tanks to my target ($127). I'm not saying that's the lowest low. I am saying that the probability of you getting a lower price is fairly remote on a daily chart.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.