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

已更新
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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註釋
BOOM
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Perfect bounce from our fibs:

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Zoom IN (m5)
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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:
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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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交易進行
Perfect bounce from our fibs:
快照

Zoom IN (m5)
快照
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.

.

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

,

Earnings report may have started an uptrend.

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交易結束:目標達成
PING
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Perfect target hit PREFECTLY (of couse).

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Zoom IN (m5)
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Given the PING on red 1.618, look for the 2.618
May not reach that deep or it may fall through.
So we take profits at expected tops then watch.

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交易進行
Here we are:
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Just hit the top of our support zone.

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Zoom IN (m1)
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Looking good, need a little bounce on top bound.
If drops to bottom of zone, it should bounce well.

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交易進行
PERFECT exit, still scouting for Longs again:
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See the many notes in snapshot.
Next possible re-buy will be $169.46
Ideal but scary buy at $167.62-167.76

But overall, I think bulls are NOT very strong.
Any re-buys should be small until signs of strength.

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FibonaccigoldenratioSupport and Resistance

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