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.
- 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