PepsiCo: In the Target Zone

PepsiCo is currently trading in the middle of our active Long Target Zone (coordinates: $133.53 – $125.10). Although all technical requirements for the correction of wave a in beige have already been met here, we still see some remaining downward potential for the subordinate wave 5 in turquoise within our Target Zone. There's even a 36% chance that the price will fall below our Target Zone as part of the beige wave alt.a, which is relevant for any stop-loss orders and could potentially cause a significant short-term drop. In both our scenarios, however, we expect significant increases after the wave a low.

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