Pepsico $PEP has been developing a price top since June and is confirming that price top this week.Pepsico Inc. (PEP) In a Mini Price Top; $123-$125 is a Buy ZonePEP Daily Chart(click to enlarge)Confirming Price Top:- As we can see on the daily chart, price pulled back up last week, but found resistance around $132.- This week, price has been retreating from this resistance, confirming the mini price-top.- I like the $123-$125 area as support. - But even if price slides lower, I think PEP is a buy-on-the-dip candidate.- The weekly chart shows the potential support areas. The $123 area is a previous resistance. If it indeed turns into support, we can have more confidence in the bullish continuation scenario.- Then, the $120 handle will be support by a rising trendline. I have a small position, scaled out around $133 when price started to hold under $135. I also have dry powder at $125, and some more around $121. PEP Weekly Chart(click to enlarge)