After several consolidations, it might be looking like a breakout upward for PEPSICO. For the last trading day last week, it was bullish and price closed above the line B. This could as a result of the program introduced by $PEP. It is called 360-degree program that brings football to their cities and into their homes like never before. $PEP partnership with the NFL kick starts this season( 2018-2019). While I drink more bottles of Pepsi, I hope to benefit from $PEP as the football season starts.
Though a cross from the middle line of bollinger band crossed over price but it could be a fake downtrend continuity. A trend between A and B has shown the price movement in the last few weeks. After the breakout, price might continue the bullish movement which started last week hoping to reach the new resistance level. $PEP might gain over 150pips in the coming days.
Source: Pepsi Unveils Football Program (NASDAQ)