Source Post

Pepsi (PEP) Short Setup | Full Walkthrough | askSlim Office Hours

Steve MillerApr 15, 2026

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

ELFNeutralLow ConvictionResearch Only

e.l.f. Beauty (ELF) was highlighted over the weekend as a name ready to be traded, awaiting a trigger.

CLHBearishMedium ConvictionSignal-backedSecondary

Clean Harbors (CLH) gapped up on earnings but was sold off, showing continued selling pressure and weakness.

MNSTBearishMedium ConvictionSignal-backedSecondary

Monster Beverage (MNST) shows a bearish pattern with downside volume on earnings and a subsequent low-volume reactionary move, suggesting a bear flag.

KOBearishMedium ConvictionSignal-backedSecondary

Coca-Cola (KO) is forming a weak bear flag on selling volume, indicating bearish sentiment.

PEPBearishHigh ConvictionSignal-backedPrimary

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.

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Tracked calls opened from this post

PEP
sell opened Apr 15, 2026
+8.81%