Pepsico may rise to 172.50 - 174.90

154.9 is our pivot point.

Our preference

Short term rebound towards 172.5.

Alternative scenario

The downside breakout of 154.9 would call for 150.8 and 148.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 164.7965 and 171.5138).

Supports and resistances

177.4 **

174.9 *

172.5 **

170

163.95 (USD-last)

156.4

154.9 **

150.8 *

148.4 **

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