Short
Pepsico: Awaiting A Breakout Signal
The price is testing a major support around 78.30, which is also a neckline for a double top formation, a break below this support will probably signal more medium term downside. I projected the potential path for the stock if it manages to break that support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.