Technicals Talk: Jollibee Foods Corp. (JFC) – 22 Jan 2024 by Regina Capital Development Corp.
JFC finds itself sustaining a strong upward trend.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
JFC finds itself sustaining a strong upward trend.
Potential support at 61.80% Fibonacci Retracement levels.
JGS sees a slight upward trend as shares have been rising in the past two months.
BLOOM resumes its decline after a brief breather yesterday.
AEV is currently in the process of forming a solid base.
WLCON has snapped its four-day losing streak, up by +1.35% to 22.50.
CNPF is currently on an uptrend channel and is tracking its 50-day EMA as its support.
WLCON traded higher for 6 consecutive days then pulled back yesterday to 23.85, closing down by 0.63%.
JGS bounced off near the resistance line of a rising channel and retreated yesterday after trading higher for three consecutive days.
After reaching its all-time high of 151.40 in mid-July last year, BDO pulled back and has been creating higher highs and lower lows but still respecting the 125.50 to 126.00 area as support.
Ascending triangle pattern.
ALI has been trending up after it bounced from the 26.20 previous low, gaining 30% from Nov-Dec 2023.
Settling with a gain of over +11%, AEV is back from the dead!
JFC traded slightly higher last Friday to close at 251.40, up by 0.64%.
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