By now, you probably know of the rotations into the “safety” stocks, namely the consumer staples.
To my eye, Pepsico is looking as ripe as any of them on the long side, along with K.
In a battle of Bloods and the Crips, I favor PEP over KO in terms of the techcicals.
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PEP – Nice wedge on the daily, but the weekly — looks like possible triple top; also printing a doji candle this week.