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Pepsi appears to be getting ready to break out of a little box range that it has been trading in for about a week now. If it closes above 80 I would expect this current downtrend to reverse and use 80 as the new support. If it falls below 78.23 I would expect the downtrend to continue. HAPPY TRADING!!!
It looks like the uptrend will resume. Use 78.23 as new support so you don't get stopped out. 9/13/13.
It closed above resistance but with a red candle. It looks like it is going to re-test lower support line. This would be a great entry point for a long position with only a 1% risk.

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