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Pepsico

Pepsi Co to test 157$ resistance, what's next?Pepsi co had a steady bull run from March of 2020 to May 2023, where the price doubled in a span of three years after testing it's long term support line in March of 2020 at 100$. Since May 2023, the price is in a downtrend and even Trump pump did not help it! Currently price is about to test its short term resistance at 157$. This price coincides with 0.382 fibonacci retracement level. If the price holds there, there might be a chance for Pepsi co to break out of the downtrend and start a bull run. However, if the resistance does not hold and price fall below 150$, we are probably going to test the long term trend line (green line) which has been a support since market crash of 2009. If that happens, then we will be looking at prices around 130$ per share. This price is retracement level of 0.618 of fibonacci level.
NASDAQ:PEPShort
by Mo_reza_kaz
PepsiCo Stock Struggles Amid Weak Revenue and Guidance CutPepsiCo Inc. (NASDAQ: NASDAQ:PEP ) has long been a staple of the food and beverage industry, with a reputation for consistent growth and strong brand recognition. However, recent performance suggests a slowdown in momentum, as both technical indicators and fundamental data point to challenges ahead for the stock. Declining Revenue and Softened Outlook On Tuesday, PepsiCo (NASDAQ: NASDAQ:PEP ) reported its fiscal third-quarter results, revealing a mixed performance that failed to meet Wall Street's expectations. The company posted earnings per share of $2.31, narrowly surpassing analyst expectations of $2.29, but its revenue of $23.32 billion fell short of the anticipated $23.76 billion ugh too bad. This marks a 0.6% decline in net sales compared to the same quarter last year. The revenue shortfall is largely attributed to the impact of product recalls in its Quaker Foods North America division, a key segment of the company’s portfolio. Quaker Foods saw a 13% volume drop following recalls related to salmonella contamination and the subsequent closure of a production facility. The weakening demand in the U.S. market, alongside disruptions in international markets such as Latin America and the Middle East (Tensions between Israel, Iran and Lebanon), exacerbated PepsiCo's woes. PepsiCo CEO Ramon Laguarta acknowledged the challenges, noting that weaker-than-expected sales, particularly in its snack and beverage divisions, have weighed heavily on the company's outlook. As a result, PepsiCo (NASDAQ: NASDAQ:PEP ) trimmed its full-year organic revenue growth forecast, now expecting only a low-single-digit rise, down from the previous 4% projection. Moreover, despite some resilience in brands like Gatorade and Pepsi within the North American beverage segment, overall volume declined by 3%, underscoring the broader slowdown in consumer demand. Rising inflation and shifts in consumer behavior have prompted shoppers across various income levels to cut back on discretionary spending, especially on premium products. Let's check out what the Technical data says From a technical perspective, PepsiCo’s stock is reflecting the underlying weaknesses in its business. After consolidating within a tight range for much of the year, NASDAQ:PEP has now formed a bearish reversal pattern, signaling the potential for further downside. As of the latest premarket trading, the stock is down 0.66%, and its technical indicators suggest that more selling pressure may be on the horizon. The relative strength index (RSI) stands at 32.74, inching closer to the oversold territory, which reflects a growing bearish sentiment. An RSI reading below 30 typically indicates that a stock is oversold, but NASDAQ:PEP is dangerously close to crossing that threshold, which could spur a wave of panic selling. Furthermore, PepsiCo's stock is currently trading below its key moving averages, with the 50-day, 100-day, and 200-day moving averages converging at a critical juncture. When these averages converge and begin to trend downward, it often signals that a stock could face extended bearish momentum. In this case, the bearish crossover suggests that NASDAQ:PEP may experience further downside movement in the near term. The stock is also hovering near a crucial support level at $158, a pivot point that, if breached, could open the door to a steeper decline. Should NASDAQ:PEP break below this support, it may revisit its recent lows, potentially entering a more prolonged bearish trend. Conclusion: A Cautious Outlook for PepsiCo Investors PepsiCo's (NASDAQ: NASDAQ:PEP ) revised guidance for organic revenue growth indicates that management is bracing for slower growth ahead, and this cautious outlook has weighed on investor sentiment. From a technical standpoint, PepsiCo’s stock appears vulnerable to further declines, with bearish patterns and weak momentum pointing to the possibility of additional downside. The stock's proximity to a critical support level at $158, coupled with a low RSI and downward-trending moving averages, suggests that investors should exercise caution. PepsiCo (NASDAQ: NASDAQ:PEP ) may face headwinds in the coming months. While the company remains a long-term blue-chip investment, short-term traders and investors should monitor the stock closely for any signs of a reversal, particularly if the stock breaches its key support level. Until the company can demonstrate stronger revenue growth and address its operational challenges, NASDAQ:PEP may continue to underperform relative to market expectations.
NASDAQ:PEPShort
by DEXWireNews
Pepsico (PEP): Breakout or Rebound? Earnings Report IncomingThis week, Pepsico is set to announce its earnings, and we continue to monitor the same pattern that has persisted for a while now. PepsiCo's recent $1.2 billion acquisition of Siete Foods is a strategic move to expand Frito-Lay's "better-for-you" snack segment. Although the near-term impact on revenue is expected to be minimal, Citi predicts a modest contribution to overall growth. The deal is anticipated to close in 2025, broadening PepsiCo's multicultural portfolio. From a technical perspective, NASDAQ:PEP is still moving within the established range. We've added zones above and below the range and highlighted each instance when NASDAQ:PEP broke through the range. Except for one occurrence, all these breakouts provided good entry opportunities. The future direction remains uncertain, but the key is whether Pepsico can hold its level upon breaking through the range—it needs to hold to sustain momentum rather than falling back. For now, we continue to keep a close watch on NASDAQ:PEP and are waiting for this week's earnings report to provide further clarity. ✅
NASDAQ:PEP
by freeguy_by_wmc
PepsiCo _ Next Target is Triangle Pattern TopPepsiCo is forming a Triangle Pattern. The Next Target is the Top of the Triangle. If it doesn't Breakout above the Triangle Pattern (or) Resistance, the market is Expected to move downward again, anticipating a breakout at the bottom of the triangle. If there is a breakout at the bottom of the triangle, the market Expects a 27% fall. Because PepsiCo has been trading within two parallel lines, or a channel, since 2009. Therefore, if it breakout on the bottom side of the triangle pattern, the market could fall to at least the 0.3 Fibonacci Retracement level. Refer to this below image : Support me; I want to Help People Make PROFIT all over the "World".
NASDAQ:PEPLong
by SasikumarMani
PepsiCo: Analyst Bullish Despite Slowdown, Sees 17% UpsidePepsiCo, the giant in the beverage and snack food industry, is currently under the spotlight as analysts adjust their price targets ahead of its upcoming quarterly earnings report. Amidst varying evaluations, one Wall Street analyst remains notably optimistic about the stock's future, suggesting a significant upside potential. Banking on Continued Profitability: Analyst Bryan Spillane of Bank of America Securities remains bullish on PepsiCo despite lowering his price estimate from $210 to $190 per share. Spillane's objective suggests a potential 17.2% increase over the following 12 months, demonstrating significant confidence in PepsiCo's steady profitability and earnings power. PepsiCo's Financial Resilience: Spillane acknowledges some concerns regarding soft demand in the food and beverage sector but believes PepsiCo's current valuation is attractive. The company has a solid track record of profitability, supported by its strategic pricing and product placement. Spillane's confidence is further bolstered by PepsiCo's ability to maintain healthy profit margins despite industry challenges. PepsiCo's Strengths and Opportunities: PepsiCo has always been a favorite choice for investors due to its diverse product portfolio and consistent dividend payouts. The company's strong presence in both snacks and beverages ensures a steady revenue stream. Presently, PepsiCo offers a dividend yield of over 3%, making it an appealing option for income-focused investors. Growth Amidst a Slowdown: Even with recent concerns about a slowdown, PepsiCo's results remain robust. Despite a modest 2.3% sales increase in Q1, this follows years of consistent revenue growth. In 2023, the company's sales increased by 8.7%, with a 10-year CAGR of 3.3%, showcasing PepsiCo's resilience and consistent growth capability. Pricing Strategies: PepsiCo's revenue growth has largely been driven by strategic price increases. Despite higher prices potentially affecting volume sales, the company has successfully increased its overall revenue. This approach underscores PepsiCo's strong brand equity and its ability to navigate market dynamics effectively. Valuation and Dividend Appeal: Given PepsiCo's current trading price, investors have a valuable opportunity. The price-to-earnings (P/E) ratio of the stock is currently 20.6, which is less than its historical average of 23 to 25. With PepsiCo's astounding record of 52 years of dividend increases, this reduction presents a unique opportunity to purchase shares at a discount in a dependable and rapidly expanding business. Broader Industry Context: The non-alcoholic beverage market is evolving, with major brewers like Carlsberg expanding their soft drink portfolios to adapt to changing consumer preferences. Carlsberg's recent acquisition of Britvic, a Pepsi and Lipton distributor, underscores the growing importance of the non-alcoholic segment. This trend reflects a broader industry shift towards diversification and catering to health-conscious consumers. Strategic Implications: PepsiCo is well-positioned for future growth thanks to its sustained emphasis on both its core products and smart acquisitions. The company remains an appealing option for investors seeking steady returns due to its robust dividend policy and ability to balance price hikes with volume sales. Conclusion: PepsiCo remains a strong contender in the beverage and snack food market, with analysts like Bryan Spillane projecting significant upside potential. Despite a recent slowdown in growth, the company’s strategic pricing, consistent profitability, and attractive valuation present a solid investment opportunity. As PepsiCo prepares to release its second-quarter earnings, investors should closely monitor its performance and consider the long-term benefits of holding PEP stock in their portfolios.
NASDAQ:PEPLong
by signalmastermind
PEP Bullish NotesThe past couple of weeks PEP has been trading inside a symmetrical triangle which within appears to has formed an ascending triangle. Breakout from both happened arround may 6 with above average volume and now price could potentially reach 196 up to 206 price target. There is a golden cross nearly done in Weekly and the price has recently bounced from EMA 200 that's been the main suppor of the upward trendline since 2010. Looks like a healthy upward move. Target 196-206 Stop 175 NASDAQ:PEP
NASDAQ:PEPLong
by Alfonsoe21
Unleashing Potential: Strategic Growth And Innovation Of CelsiusCelsius® is a company that was founded in April 2004. It has benefited from the high demand for healthy products without artificial ingredients. It constantly innovates as it expands its portfolio with its scientifically proven beverage lines, and its presence consolidates in the US and reaches international levels. The price performance results in significant progress in market capitalization, leading to its exit from the Russell 2000 index.  Performance against the S&P 500: Next, I present my investment thesis based on what you believe about a company. The Seeking Alpha portal data was essential for me to have felt the growth trajectory of it. The analysis focused on specific aspects that indicate the expansive potential of the organization. CELH is adding to a considerably higher financial challenge compared to an industry median across multiple metrics: Source: Seeking Alpha The table showed a detailed view of CELH's financial and operational indicators, which stand out both in relation to the sector average and the company's historical design in recent years. Including aspects such as profit margins, profitability of capital and assets, CAPEX allocation, efficiency and liquidity. It is superior in several areas, mainly in Revenue Growth where it stood out with 227%. Considering this information, profit margins also stand out, as shown by the sector's median indicator, in relation to the CELH percentage, good indexes, etc., exceeding industry expectations and highlighting the effectiveness of management in producing value. The increase in profits is also highlighted in the free cash flow per share, added to the share price performance in 2023, along with the growth in ROE and the operating cash flow growth indicator, showing a remarkable growth outlook. CAPEX is what catches my attention the most, because there was a reduction in business expenses of US$ 17.43 million from the US$ 8.26 million reached a year ago, looking at the performance of other years. Qualitative analysis: Deepening the qualitative analysis of the company, I will list points that interpret directly from the 2023 annual report. The organization relies on the experience and commitment of John Fieldly, who, as president and CEO, sets the direction and improves the efficiency of the Celsius holding. The team is made up of: Jarrod Langhans, as CFO, manages finances and supports growth. Tony Guilfoyle, commercial director. Kyle Watson, marketing director. Toby David, team leader. Paul Storey oversees the supply chain. Rich Mattessich looks after legal and compliance. Robin Lybeck and Ronnie Char manage operations in Europe and Asia. Danielle Babich focuses on human capital development. And finally Brant P. Burchfield on sustainable growth. It has also become more solid in the drinks market by creating alliances with important figures in the sector such as AB InBev, Keurig Dr Pepper and Molson Coors. But the main one is PepsiCo (PEP), resulting in an investment of $550 million. Source: Yahoo Finance, Annual Reports Risks: It is important to highlight that the company, as interesting as it is, has considerable risks and this ends up having an impact in the long term. We will analyze the risks and opportunities below based on the 2023 annual report: Celsius runs the risk of damaging its brand reputation and losing consumer confidence due to product quality problems, negative publicity or changes in consumer preferences. The drinks sector has been very fierce and the possible emergence of other competitors could be a risk, negatively affecting its market share and possibly the company's profits. In addition, the company has faced difficulties in expanding into new markets, including the fact that other countries are bound by trade barriers and bureaucratic regulations. There is concern about a company's cybersecurity. With the increase in attacks and the dependence on information technology to carry out their operations, as well as data breaches and exposure that cause reputational damage; as well as loss of intellectual property and sanctions and fines for not following compliance. Also mentioned in the annual report, another concern is recalls, which pose risks to brands and regulations. Source: Annual Reports Based on my qualitative analysis of the annual report and what I consider to be the company's direction, it seems that it is investing in seizing opportunities in the energy drinks market, especially through strategies with partner companies, such as the partnership with Pepsi, which operates in a very divided environment.However, unnecessary dependence on the partnership represents a significant risk, as any change of mood between them could cause significant financial damage. In addition, the company must continue to modernize its product range to satisfy the growing needs of consumers and not just limit itself to the local market, which in this case is the United States, but also expand its product range to other countries. Fundamental analysis: The data shows good progress in its financial health, as evidenced by the consistent growth in its assets from 2020 to 2023. This increase shows continued advancement and planned investments in resources and business opportunities. Net equity also increased, reflecting the company's ability to generate profits and attract investment, strengthening its financial base and market position. The company's total capitalization indicates balanced financing management, combining debt and equity. However, it is important to maintain debt management at viable levels to maintain financial stability. Increased working capital shows good management of financial resources, increasing the company's ability to meet short-term obligations and finance daily operations. Total debt stability is positive as long as the company maintains a good balance between debt and equity. Market Opinion Technical Analysis: I will now complement our study with technical analyses. This method is based on the market's trading volume, and to facilitate understanding. I will present a legend that simplifies the analysis, making it clear and concise. Our focus will be on aspects that are aligned with the company's fundamentals, avoiding numbers or patterns that do not add value to the analysis. Investment decisions are made after an in-depth analysis of assets, where investors look for advantages or discrepancies in fundamentals, or data that does not correspond to the company's reality. Hot and cold candlesticks act as a thermometer to assess the buying and selling transactions that occurred during the trading week. The volume indicator includes the delta variation between buyers and sellers, representing the active flow of assets. e observe an ascending channel with rising tops and bottoms, indicating that the market retreated with a lower seller flow than the last buyer, thus forming an accumulation band. There is also a notable buyer dominance over the years. Sales volumes appear to be related to profit making or batches that were not continued. With the recent rise, along with the Nasdaq index, we anticipate that the market may pull back before resuming the upward trend. look at the caption: Take a look at the image below: Analyzing some articles that talk about Celsius, both are very recent. which discusses the company's rise in relation to Monster and Redbull, and the text emphasizes that even after Celsius' growth, it may suffer a slight slowdown, despite showing a good valuation, and also expresses concern about the company's premium valuation and its ability to sustain growth to justify it. Furthermore, the author projects growth for the company, but is quite cautious about this. I agree with both opinions and, in fact, the technical analysis they perform complements the pullback view, although they complement each other. What we have to observe is that combining performance and profit, cutting expenses, combined with the boom in the NASDAQ index, we can see a good opportunity to continue buying a company. However, for those who are buying now, they need to be very careful because it is at the top and a correction in the channel's VWAP could occur. Market concerns about Celsius being overbought could drag it to the $42 region before the market resumes its upward trend. I believe that this corrective wave in the market can occur even if the company delivers good numbers, which is normal for any stock.
NASDAQ:CELHLong
by Victoredbr
2
PepsiCo Beats Q1 Revenue ForecastsPepsiCo ( NASDAQ:PEP ), a multinational food, snack, and beverage corporation headquartered in Purchase, New York, exceeded revenue expectations in the first quarter of the year, driven by strong international demand for its snacks and beverages. During the January-April period, the company reported a 2% increase in revenue to $18.3 billion, surpassing Wall Street's $18 billion forecast as per the analysts polled by FactSet. Frito-Lay's revenue rose by 2% in North America, while Pepsi beverage sales increased by 1%. However, sales were impacted by the recall of Quaker Oats cereal, bars, and snacks early in the quarter due to potential salmonella contamination, which caused Quaker Foods sales to plummet by 24% during the quarter. Despite fewer products on grocery shelves in some countries, PepsiCo ( NASDAQ:PEP ) experienced 11% sales growth in Asia Pacific and 10% sales growth in Europe. Carrefour, one of Europe's largest supermarket chains, withdrew PepsiCo products from its shelves in France, Belgium, Spain, and Italy in January due to unacceptable price hikes, but the two companies resolved their pricing dispute, and Carrefour resumed restocking PepsiCo products in early April. To tackle rising ingredient costs, PepsiCo ( NASDAQ:PEP ) has relied heavily on price increases over the last two years. The fourth quarter of 2023 marked the company's eighth consecutive quarter of double-digit percentage price hikes. However, these increases moderated in the first quarter, with PepsiCo reporting a 5% global net pricing increase and a 2% decline in volumes. The company attributed some of the volume decline to a strategic move to shrink package sizes to meet consumer demand for convenience and portion control. Despite all that In premarket trading on Tuesday, PepsiCo's ( NASDAQ:PEP ) shares remained unchanged. PepsiCo's ( NASDAQ:PEP ) net earnings increased by 5.6% to $2 billion in the first quarter. Excluding special items, the company earned $1.61 per share, beating Wall Street's forecast of $1.52. PepsiCo ( NASDAQ:PEP ) stock closed at 68.58 Relative Strength Index (RSI) Monday's trading session above its respective Moving Averages (MA's)
NASDAQ:PEPLong
by DEXWireNews
PEPSICO - Low Risk High Reward - BullishNASDAQ:PEP -Has been on a bull run since 1981 -Every while does a 10-20% correction, (and up to a 40% correction in case of a major economic crisis) -Always goes back up to a new all-time-high...always -Is now done about 20% from all-time-high -Prices now are the same as it was in Nov 2021 -The last time it did such a correction was in 2020 I would say it is a no-brainer for those who are looking for low-risk trades, I would go in with no stop loss even since it will find its way back up. *Not Financial Advice*
NASDAQ:PEPLong
by a_ag
3
PepsiCo Navigates Challenges Amidst Earnings BeatPepsiCo (NASDAQ: NASDAQ:PEP ) has once again demonstrated its ability to weather storms and adapt to changing market conditions. The latest quarterly earnings report from the beverage and snack giant paints a nuanced picture of both triumphs and challenges, offering insights into the intricacies of consumer behavior and economic factors influencing purchasing patterns. Earnings Report Despite surpassing Wall Street’s expectations in terms of earnings per share, PepsiCo faced headwinds as its quarterly revenue experienced a slight decline, marking the first downturn in nearly four years. The company attributed this dip to various factors, including high borrowing costs and diminished personal savings affecting consumers’ spending habits, particularly in the North American market. CEO Ramon Laguarta provided valuable insights into the underlying dynamics, noting a slowdown in U.S. sales driven by pricing pressures and shifts in consumer behavior. As consumers increasingly opt for convenience store purchases over at-home consumption, PepsiCo finds itself adjusting its strategies to meet evolving demand patterns. Laguarta’s optimism, however, remains palpable as he points to positive indicators such as low unemployment rates and potential improvements in interest rates and wages, which could bolster consumer spending in the coming months. Delving Deeper Delving deeper into the numbers, PepsiCo’s ( NASDAQ:PEP ) organic revenue saw a commendable 4.5% increase, fueled primarily by higher prices. However, the same pricing strategy has inadvertently dampened demand for the company’s products, leading to a decline in volume. Notably, PepsiCo’s North American divisions, including Quaker Foods and Frito-Lay, experienced volume contractions, with the former grappling with a product recall that affected sales momentum. Future Outlook Looking ahead, PepsiCo ( NASDAQ:PEP ) recalibrates its projections for 2024, anticipating organic revenue growth of at least 4% and an 8% increase in core constant currency earnings per share. While acknowledging the likelihood of a subdued first half of the year, marred by product recalls and geopolitical tensions impacting international sales, the company remains steadfast in its commitment to navigating these challenges with resilience and agility. Conclusion In conclusion, PepsiCo’s ( NASDAQ:PEP ) latest earnings report serves as a testament to its ability to adapt and thrive in a dynamic market environment. By staying attuned to consumer preferences, while also proactively addressing economic headwinds, the company continues to position itself for sustainable growth and long-term success. As the journey unfolds, PepsiCo’s steadfastness in the face of adversity reaffirms its status as a stalwart in the global consumer goods industry.
NASDAQ:PEP
by DEXWireNews
PEPSICO: Are you willing to take that risk on the 1W MA200?PEPSICO took a strong fundamental blow yesterday, reaching remarkably oversold technical levels on the 1W timeframe (RSI = 19.097, MACD = -4.010, ADX = 44.557). On today's opening it hit the 1W MA200 for the first time since the March 2020 COVID crash. If it weren't for that crash, PEP would have never broken the long term Channel Up and today's candle would be exactly on its HL bottom. Under the current circumstances it looks like a big risk but every time the stock crossed under the 1W MA200 and the 1W RSI got oversold (under 30.000), it was the buy opportunity of a Cycle. Those two bottoms instantly rebounded to the 0.786 Fibonacci level, so that sets a target for us at 187.00. Are you willing to take that risk? ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:PEPLong
by InvestingScope
6
PEPSICO August 1st, 2023Based on the weekly chart analysis, Pepsico Inc. ( NASDAQ:PEP ) has been on an overall uptrend, with rising prices supported by observations from the stochastic oscillator. The price has formed a rising wedge pattern. However, it is essential to note that the price has already breakout of the resistance area within the rising wedge pattern, but there is still a tolerance level until the price breaches the macro resistance marked by the dotted line. Currently, the price is trending downwards, which is supported by the presence of an evening star candlestick pattern. An evening star pattern consists of three candles: a large bullish candle, followed by a smaller indecisive candle, and finally a large bearish candle (need confirmation on closing price this week). This pattern suggests a possible reversal in the ongoing uptrend. The stochastic 5,3,3 oscillator has shown a crossing in the overbought area. Looking historically, a similar occurrence in the past has resulted in bearish price movements until the stochastic reaches the oversold area. This implies a potential bearish trend in the coming days or weeks. The downside target is approximately 180.37. That the price is expected to decline towards this level before potentially finding support or stabilizing. Traders may use the oversold stochastic condition as a signal to take profits or consider buying opportunities, as historically, such conditions have led to an increase in price after the oversold level is reached. Overall market conditions and any significant news related to the company could influence the price movement. After reaching the downside target, there is a possibility that the price may start increasing again, but further analysis will be required at that point to assess the potential direction.
NASDAQ:PEP
by DNP-FX
2
PEPSICO Testing Lower Highs. Strong buy if broken.Pepsico Inc (PEP) has been trading within a Channel Up pattern for more than 1 year. Currently it has been rejected on the internal Lower Highs trend-line from the May 15 High. As you can see within this Channel Up, every time the price tested such Lower Highs (3 occasions), it had an initial rejection (twice to the 1D MA50 (blue trend-line)) and then broke out. On all occasions, it hit the dotted Higher Highs trend-line, just below the top of the Channel Up. The 1D RSI is on a similar pattern with all those past fractals. As a result, we will be ready to buy after it breaks above the Lower Highs and target the dotted trend-line at 200.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:PEP
by TradingShot
5
PepsiCo: Thirst for More 🥤PepsiCo is thirsty for more, heading upwards and striving for the green zone between $195.83 and $212.31 purposefully. Soon, the share should reach its goal and complete wave (I) in white. Afterwards, it should rebound from the upper edge of our pink trend channel and start an extended downwards movement, leaving the pink trend channel on the southern side and dropping below the support at $155.11. There is a 34% chance, though, that PepsiCo might finish wave alt.3 in green in the green zone instead and stop the descent above the support at $155.11. In that case, it should conclude wave alt.4 in green at this level and turn upwards earlier already.
NASDAQ:PEP
by MarketIntel