Pepsico attacks pivotal resistance - Analysis - 15-08-2022

Pepsico's stock (PEP) rose in the intraday levels and tackled the pivotal resistance of 177.25, marking a profit of 1.31%, or 2.29 points, and settling at 177.33, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the resistance of 183.85, provided the resistance of 177.25 was breached. 

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Expected trend for today: Bullish