Pepsico may fall to 151.20 - 153.90

Our pivot point is at 168.2.

Our preference

The downside prevails as long as 168.2 is resistance.

Alternative scenario

The upside breakout of 168.2 would call for 173.1 and 175.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 172.7815 and 173.7858).

Supports and resistances

175.9 **

173.1 *

168.2 **

166.4

163.81 (USD-last)

156.8

153.9 **

151.2 *

148.2 **

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