PEP eyes on 165.3x below, 171.48 above: Key levels into earnings

3 ngày trước

PEP earnings report due today after hours.
Key support below formed by a double fib.
Proven resistance above will be a hard break.

$ 165.35 - 165.31 is the exact support
$ 171.48 will be strong resistance above.
$ 161.49 will be key uptrend support below.

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BOOM

Perfect bounce from our fibs:

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Zoom IN (m5)

We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.

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Addomg a fib to our bounce:

We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.

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Earnings report may have started an uptrend.

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