Pepsico may rise to 185.00 - 188.00

168.5 is our pivot point.

Our preference

The upside prevails as long as 168.5 is support.

Alternative scenario

Below 168.5, expect 163.7 and 160.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 172.9695 and 168.497).

Supports and resistances

191.2 **

188 *

185 **

182

175.85 (USD-last)

170.6

168.5 **

163.7 *

160.8 **

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