We are very attentive to surpassing the September highs. Technical Analysis
BREAK RESISTANCE S1137,75S2132,96R1157,75R2170Short termMedium termLong term
pepsi It is giving the first symptoms that could make us think of a change in trend. After more than a year trading below the average of 200 sessions, it seems that it could finally cheer up. In the month of August we could see how it managed to recover this average. Right now it looks like it could be shaping a throw back to this average. Pay attention that a change in trend could be about to be confirmed. Key resistance lies at $157.75highs from the beginning of September. Exceeding these prices would be what would confirm a change in long-term trend. Below, the support that we will not lose sight of is at $137.75. We will not see a sign of weakness as long as it continues to trade above this price level.
