CFD Trading – Sell Pepsico (PEP.NAS) @ $139.90. Stop @ $142.90 and Target @ $131.70

Pepsico Inc. Stock Code PEP.NAS

Outlook
Recently, price dropped the cloud and last Friday, price closed below the cloud, which could be a sign of a possible bearish trend. Conversion line and Base lines had a bearish crossover, hinting of a bearish trend. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish and is moving lower after a bearish crossover was seen earlier. We think price could be heading lower to test the support zone at $129.30 to $131.70.

Strategy                  
$139.60              SELL
$131.70              Price Target
$142.90              Risk Management Stop
3 weeks              Trade Duration

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