Pepsico may rise to 183.00 - 185.60

170.4 is our pivot point.

Our preference

The upside prevails as long as 170.4 is support.

Alternative scenario

Below 170.4, expect 166.2 and 163.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 171.2845 and 173.6556).

Supports and resistances

188.1 **

185.6 *

183 **

180.6

174.67 (USD-last)

172

170.4 **

166.2 *

163.6 **

Number of asterisks represents the strength of support and resistance levels.