Hi Shoppers,

Check out the chart in Pepsi (Ticker: PEP):

PEP rallied $27 off a bullish engulfing candle created on March 2nd.

It topped out on a bearish engulfing candle on May 15th and has traded down to $179.33 last Thursday taking out the previous day’s low and creating a bullish engulfing candle.

We have confirmation with stock trading higher on Friday.

I think PEP can trade back up to at least its 50 day moving average (yellow line) at $187.

Calls perhaps?

Thanks for Reading … See You Next Tuesday,

Licia Leslie