Pepsico may rise to 179.40 - 182.40

Our pivot point is at 164.6.

Our preference

Short term rebound.

Alternative scenario

Below 164.6, expect 159.7 and 156.7.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (165.514) but below its 50 day moving average (170.4762).

Supports and resistances

185.3 **

182.4 *

179.4 **

176.5

169.36 (USD-last)

166.6

164.6 **

159.7 *

156.7 **

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