Today’s focus is on PepsiCo, which is having a very successful week, showing steady gains since Tuesday. The stock has been climbing higher every single day, reflecting strong bullish momentum.
The bounce didn’t occur at random. The area around $142 served as a key support level, first established in January, and this level was respected again, confirming its significance as a demand zone.
For a buy signal, PepsiCo needs to break through two critical resistances:
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The black downtrend line, which has capped previous advances.
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The yellow horizontal resistance around $156, which, if broken, would confirm a long-term buy signal.
However, if the price closes a day below the green support, it would invalidate the bullish setup and trigger a sell signal, indicating a potential downside correction.
For now, all eyes are on the resistance levels, as a breakout could lead to a sustained rally, while a rejection might signal short-term profit-taking.