JFC-Technical-Input

Stock: JFC
Company:Jollibee Foods Corp.
Support: 184.91 / 169.00
Resistance: 201.80


A bullish pattern appears to be noticeable in JFC. Although MACD trades under the signal line, both lines remain above zero.

If P201.80 does not break, it will signal further correction as it implies that many buyers remain in that region and that the upside is minimal in the short term.

Recommendation

Holders should make profits once JFC does not break their latest which is P201.80.

To aggressive traders, the position can be lightened once it has broken its recent 184.91 low. The next standard of support should be near at P169.00.

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