Recently the security trade near the previous high and selling pressure was seen at that level, forming a resistance.

The next day selling was seen indicating a short term trend change. From the past 2 days buyers have come into action pulling the price near the close and closing near the high or above the open.

For selling to continue the security has to close below 170.70 levels.

The RSI is supporting the move. RSI trading below 53 will strengthen the confirmation on the downside.

MACD crossover is expected at current level, MACD crossing from above will be a negative indication to the security.

Pepsi

Apr 27 2022