PEPSICO - Sell Opportunity

The price reached a resistance zone between 122.00 and 123.00 level, and we got a reversal. RSI confirms the price reversal and gives a bearish signal from the overbought zone. MACD supports a possible downward movement. DMI is bullish and confirms the uptrend, but ADX line starts falling. It tells us that bulls are not so strong now and the market can begin a correction movement.

If the price breaks the local uptrend line, we should be ready to see the falling to one of the possible support levels or Moving Averages with 100 and 200 periods.