e.l.f. Beauty (ELF) was highlighted over the weekend as a name ready to be traded, awaiting a trigger.
Source Post
Pepsi (PEP) Short Setup | Full Walkthrough | askSlim Office Hours
The creator discusses Pepsi (PEP) as a short setup, identifying a triangle pattern on the daily chart and a bearish flag on Coca-Cola (KO) and Monster Beverage (MNST) as supporting examples. The strategy involves entering early in the session with a clear risk point around $160.80, leveraging line charts for structure analysis and trading with the overall market bias.
Linked Mentions
Tickers discussed in this post
Clean Harbors (CLH) gapped up on earnings but was sold off, showing continued selling pressure and weakness.
Monster Beverage (MNST) shows a bearish pattern with downside volume on earnings and a subsequent low-volume reactionary move, suggesting a bear flag.
Coca-Cola (KO) is forming a weak bear flag on selling volume, indicating bearish sentiment.
Pepsi (PEP) presents a short setup due to a triangle pattern and failure to trend upwards, with a target entry on a rally and risk defined around $160.80.
Linked Signals