PEP - Upside down Cup&Handle & Impending Breakout on Bear Flag

17 февр. 2021 г.

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.

17 февр. 2021 г.

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Coke is doing the same thing:

27 февр. 2021 г.

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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.

3 мар. 2021 г.

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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.