Stock: JFC
Company: Jollibee Foods Corp.
Support: 205.00
Resistance: 210.80


After a six-day rally, JFC has started to consolidate between a narrow range of 205.00 and 210.80.

The indicators are currently showing mixed signals; the RSI and DMIs are showing strong bullish momentum with the former nearing the overbought territories. Meanwhile, the MACD is on neutral. JFC will likely hold its range in the near-term given the mixed signals.

Nevertheless, the stock is already trading at levels it hasn’t seen since late Jan 2020. This, as JFC started a general uptrend during late Oct.

Meanwhile, the 100-d and 260-d MA are showing signs of a possible golden cross.

Recommendation

Hold.

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