Have you been following the developments at PepsiCo $PEP (+3.26%) followed? After reaching a record high of USD 196.88 in May 2023, the share has been on a downward trend, losing around 12% within a year. It is currently trying to stabilize above the 4-year low of USD 141.51.
The most recent test of this low on February 18 was successful and the share was able to close the downward gap from February 4 in trading. The focus is now on the resistance area between USD 149.55 and USD 150.17. A close above this area could pave the way for a rise towards USD 154.61-155.85.
However, if PepsiCo falls below USD 141.51, there is a downside risk to USD 132.88. The coming days could therefore be decisive! How do you see the situation? Do you think PepsiCo will be able to take off again soon? 👍
