Technicals Talk: Jollibee Foods Corp. (JFC) – 24 Oct 2023 by RCBC Securities
JFC broke down from its 211.80 support yesterday, down by 2.24% to close at 210.00.
JFC broke down from its 211.80 support yesterday, down by 2.24% to close at 210.00.
Eyes are set whether some participants would seize on the bourse’s current state to buy into
Last week, MER reached another 52-wk high!
The PSEi ended Friday at 6,142.90 (down by -1.23% or -76.26pts), breaking the 62H threshold.
The PSEi dropped by -1.97% w-o-w to close at 6,142.90, breaking below the 6,200 support level.
From the looks of it, the strong support is observed in the 112 levels for URC.
BLOOM broke below its 200-day EMA (10.00) to close at 9.99 down by 0.30%.
Another landslide for MEG! The stock once again formed a waterfall move as it
Raining reds? The PSEi ended on a red declining by -0.78% or -49.11pts to 6,219.16 yesterday.
Ascending triangle pattern.
The mood might stay cautious for now, with global investors attuned to headlines on the Israel-Hamas conflict, including results of Pres. Biden’s visit.
The stock seems to be confined in a trading range, which the bulls are attempting to break out from.
After gaining around 200% year-to-date and reaching an all-time high of 7.32, PLUS’ share price pulled back by as much as 10% and formed a
ICT is just a few points shy away from its resistance of 216.00.
Fingers-crossed this is not a dead cat bounce! 🤞🏻
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