Pepsico may rise to 185.90 - 189.10

Our pivot point stands at 168.2.

Our preference

The upside prevails as long as 168.2 is support.

Alternative scenario

Below 168.2, expect 162.9 and 159.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 169.8315 and 168.4948).

Supports and resistances

192.2 **

189.1 *

185.9 **

182.6

172.49 (USD-last)

170.3

168.2 **

162.9 *

159.8 **

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