Stock Code: JFC
Company: Jollibee Foods Corp. 
Support : 147.00
Resistance: 183.00


JFC encountered a resistance at 174.00 and it eventually closed at P170.00.

It is expected that a consolidation pattern is likely to be formed between support (P147.00), and resistance level (P183.00).

Recommendation

P151.00 and P147.00 are the critical support zones and it is recommended to accumulate on these prices if it dips into these levels. Target price could be 185.00 and 194.00 with a mental stop of below 137.

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