$PEP Bullish Setup

PEP Bullish Setup 🥤📈

PepsiCo has pulled back sharply from $180+ to $140s, testing long-term channel support. RSI is rebounding from oversold, but price action still suggests some downside chop before a full reversal. That said, the setup is attractive: Pepsi is a global staple brand with pricing power, strong cash flows, and decades of dividend growth (aristocrat status). Even in inflationary environments, demand for beverages + snacks holds steady. At ~20× forward earnings, valuation is more reasonable than the highs. The technicals suggest one more shakeout toward ~$130–135, but the bigger picture points to a reversal higher with a long-term path back toward $170–180. Buy the weakness, collect the dividend, ride the channel.