Stock: JFC
Company: Jollibee Foods Corp.
Support: 189.00 / 173.00 / 165.00
Resistance: None indicated


  • Potential formation of bearish HnS pattern, downside risk could be as low as 165.00.
  • Momentum downward trajectory.
  • Volume deteriorates.
  • Continuous foreign selling.

Recommendation

  • Trading Buy.
  • Target Price: Test buy near 165.00 – 173.00 (EMA200) if bearish pattern manifests.
  • Stop loss level: if it falls below 189.00

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