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Pepsi Ahead of earnings

PepsiCo, Inc. (NASDAQ:PEP)  
Trading-Capital  
NASDAQ:PEP   PepsiCo, Inc.
Chart Patterns pepsi XLP SODA kola COKE coca-cola POP trading
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chartpattern pepsi xlp soda kola coke coca-cola pop trading
Pepsi reports earnings tomorrow morning.

Based off the bearish consolidation, its looking likely that Pepsi can fall lower on maybe a bad earnings or weak forward guidance.

The trading play that we are watching is a gap down into support and then buying Pepsi as a long. This will be a day trading level we will be looking for.
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