Pepsico may rise to 185.30 - 188.20

Our pivot point is at 172.

Our preference

The upside prevails as long as 172 is support.

Alternative scenario

The downside breakout of 172 would call for 167.3 and 164.5.

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 173.8515 and 169.3902).

Supports and resistances

190.8 **

188.2 *

185.3 **

182.5

175.97 (USD-last)

174

172 **

167.3 *

164.5 **

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