Stock: JFC
Company: Jollibee Foods Corp.
Support: 185.60 / 175.35
Resistance: 196.67


Unlike the others, JFC has been on a general uptrend for the past five trading days. It ended the day above its 50-d MA of 187.72.

This led to the signal reversal of the DMIs into the bullish region. However, the ADX is declining. The RSI and MACD are showing increasing selling momentum as well.

JFC will likely tease its resistance of 193.34 in the near-term, especially if the indicators continue to gain buying pressure. However, the 100-d and 50-d MAs are showing signs of a death cross.

Recommendation

Sell on rallies.

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