Why Is Pepsico (pep) So Strong In Light Of The Us Trade War?

Discussion in 'Investment Charts' started by longtermbull, Jul 11, 2018.

  1. longtermbull

    longtermbull Administrator Staff Member

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  2. Chartman

    Chartman Senior Investor

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    I would have thought this kind of US product would be top of the agenda for those looking to hit the US with tit-for-tat trade tariffs?

    Quite a decent bounce from $95 in May.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    This is a tricky one because my head says Pepsi would be an obvious target for trade tariff increases around the world but the share price is suggesting a much more bullish scenario. At the end of the day, it is probably more sensible to follow the money. However, if things get carried away there may well be an interesting short position scenario?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    No reason why the shares wont test the $120 high of just a few months ago?
     
  5. Chartman

    Chartman Senior Investor

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    Cracked it! Once the shares broke the $110 barrier that was it, next stop $120 but after that, who knows?
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    Looks like reality is starting to hit home. The shares have fallen through 2 out of 3 trend lines and it looks like the tide has well and truely turned. Anything to do with trade tariffs?
     
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