{"id":322949,"date":"2023-05-02T06:06:18","date_gmt":"2023-05-01T22:06:18","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=322949"},"modified":"2023-05-02T09:24:28","modified_gmt":"2023-05-02T01:24:28","slug":"technicals-talk-jollibee-foods-corp-jfc-2-may-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-jollibee-foods-corp-jfc-2-may-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Jollibee Foods Corp. (JFC) – 2 May 2023 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>JFC<\/td><\/tr>
Company Name<\/strong><\/td>Jollibee Foods Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>2 May 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 219.00 \/ 211.80<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 229.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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JFC traded higher last Friday to close at 225.00, up by 2.74%. <\/p>\n\n\n\n

The stock recently tested its support at 211.80 levels and was bought up by bottom pickers as it hit oversold condition. <\/p>\n\n\n\n

With its volume inching up, JFC looks set to trade higher and break its EMAs. RSI is well below overbought condition while MACD shows increasing positive momentum giving us a bullish signal for the stock. <\/p>\n\n\n\n

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Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

Accumulate if it breaks its 50-day EMA as the stock may trade higher to its immediate resistance at 229.00 (100 and 200-day EMAs). <\/p>\n\n\n\n

Otherwise, support is at 219.00, then 211.80.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

JFC traded higher last Friday to close at 225.00, up by 2.74%. <\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-322949","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/1685"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=322949"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322949\/revisions"}],"predecessor-version":[{"id":322952,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/322949\/revisions\/322952"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=322949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=322949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=322949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}