$PEP Pepsi - Overbought at Resistance

19 lug 2018

PEP Pepsi looking over-extended meeting resistance around $116.50 today, with what looks like a nice reversal candle forming.

Expecting a price correction in the very near term to the $110-$112.50 area. A couple gaps left open below to possibly fill.
I could see it going as low as $108 with this pull back, but that may depend on overall market conditions.
Note: this will most likely be a temporary move, longer term trend does appear bullish.







Note: Observation/opinion, not investment advice.