PEP – Bullish Divergence at Weekly Demand

PepsiCo (PEP) has retraced into a key weekly demand zone, where price previously launched long bullish legs. At the same time, a bullish divergence is forming between price and RSI, suggesting selling momentum may be weakening.

Structure has clearly shifted bearish over the past two years, with multiple breaks of structure (BoS). However, the current setup shows strong confluence for a potential mean reversion or reversal swing.

Two key supply zones are mapped:

First target (5:1 R:R) at the $141 area — recent supply.

Second target (12:1 R:R) near $162 — major macro supply.