$PEP Bullish Swing Setup – Oversold & Ready to Rebound ?PepsiCo ( NASDAQ:PEP ) is sitting at a major long-term support after a deep pullback — this could be a strong opportunity for a risk-defined bounce. Here's what the chart is signaling:
🔹 Entry Zone: Price is currently near $128 — a historically significant level that acted as resistance in the past and now aligns with a potential support flip.
🔹 Oversold & Stretched: After a consistent downtrend, NASDAQ:PEP is looking oversold. A bounce is likely as sellers exhaust and dip buyers return at this key level.
🔹 Reversal Structure Building: Early signs of a bottoming pattern are emerging, with potential higher lows forming. If the current structure holds, we could see a climb toward the next resistance zones.
🎯 Targets:
TP1: $154 – minor resistance and previous consolidation zone.
TP2: $197 – major resistance and range high, aligning with earlier highs.
🛡️ Stop Loss: Below $102 — invalidates the support thesis and breaks structure.
💡 Why Price May Rise:
PEP is a defensive name with strong fundamentals, often benefiting during uncertain macro cycles.
Valuation is now more attractive after the sell-off.
The setup offers a high reward-to-risk ratio, especially if broader markets stabilize.
⚖️ Setup Summary:
Entry: ~$128
SL: $102
TP1: $154
TP2: $197
📌 Watching for confirmation with volume or bullish candle structure over the next few sessions.
🚫 Not financial advice — just a technical outlook based on structure and probability.
