PepsiCo: bounce absorbed, the decline reasserts

PepsiCo is in week 13 of a sell signal, with the trade up 5.35% from inception. After last week's unusual bounce — buyers at 81%, +1.7% close — this week sellers came back at 83% and the CMF returned to distribution at -0.165. The MACD continues to deteriorate steadily. For those holding a short position, the picture still leans bearish, with a double bottom forming in the 140 area worth watching.