By Licia Leslie
August 31, 2025
Hi Shoppers,
Pepsico (Ticker: PEP) has just bounced off of some pretty significant support:
We have that uptrend line going back to Jun26 as it coincides with the 21 day moving average.
We also have the pitchfork support and PEP has cleared those most recent highs at $148.
The high of Aug20 lines up well with the top of the channel at $154.61.
The options are looking pretty cheap in there, check out the calls.
Trade Review
ARM Holdings (Ticker: ARM) was taken down with the rest of the market. It did bounce off of pitchfork and 21 day moving average support. If it shows bullishness on Tuesday, I will consider going long.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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