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PEP Bull Flag Setting Up

PEP Bull Flag Setting Up

by | Sep 2, 2021 | Chart SetUps

Pepsi (PEP) shares setting up for a range breakout above $158.50 and continuation of the strong, longer-term move with momentum set to shift after the recent reset. RSI is nearing a downtrend breakout and MACD also curling higher after pulling back near zero. The 50-EMA held up well on the recent pullback and broader weekly range targets a run out to $167-$170.