Pepsico may rise to 182.20 - 185.30

Our pivot point stands at 166.6.

Our preference

As long as 166.6 is support look for 182.2.

Alternative scenario

Below 166.6, expect 161.5 and 158.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 171.341 and 168.3942).

Supports and resistances

188.4 **

185.3 *

182.2 **

179.1

171.42 (USD-last)

168.7

166.6 **

161.5 *

158.4 **

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