My trade on PEP

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One of the first successful trades according to my vision and strategy in the financial markets, this time $PEP.


As I mention at the end of previous post, I like to look for cheap shares that are part of the SCHD or JEPI holdings. The companies with the greatest weight and that were selected to be part of these ETFs are serious and financially solid.

I found price support in PEP in the area of ​​$169 which coincided with a long trend line (shown in yellow). The price retested the trend line again and I decided to enter.

One of the most positive signs that I highlight for having stayed up to the target of $190 is the entry of institutional volume in the second week of March, giving it decision and bullish continuity. Today the RSI indicator was looking very overbought also indicating that the momentum may be ending.

Today I happily closed my position in PEP at the price of $189.5 with a profit of +%10.5 on my investment in this company.

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