Pepsico may fall to 151.40 - 154.00

Our pivot point is at 167.6.

Our preference

The downside prevails as long as 167.6 is resistance.

Alternative scenario

The upside breakout of 167.6 would call for 172.2 and 174.8.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 166.434 and 172.7354).

Supports and resistances

174.8 **

172.2 *

167.6 **

165.9

162.6 (USD-last)

156.8

154 **

151.4 *

148.8 **

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