{"id":328196,"date":"2024-06-07T06:06:18","date_gmt":"2024-06-06T22:06:18","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328196"},"modified":"2024-06-07T09:03:08","modified_gmt":"2024-06-07T01:03:08","slug":"technicals-talk-jollibee-foods-corp-jfc-7-jun-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-jollibee-foods-corp-jfc-7-jun-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Jollibee Foods Corp. (JFC) – 7 Jun 2024 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>7 Jun 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 216.50<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 231.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

JFC traded higher yesterday with 2.60%, to close at 228.80. The stock is currently in a consolidation phase after topping at the 240.00 resistance area. <\/p>\n\n\n\n

It is trading around 231.00 resistance to 216.50 support and has formed a triple bottom. <\/p>\n\n\n\n

Yesterday, JFC failed to break its resistance but still managed to close above this week\u2019s high at 224.00. <\/p>\n\n\n\n

Meanwhile, its RSI and MACD are showing bullish momentum. Its RSI is heading north while the MACD shows increasing positive momentum. <\/p>\n\n\n\n

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

Accumulate at current levels to 224.00 as the stock may try to test and breakout at 231.00 resistance (50-day EMA). <\/p>\n\n\n\n

Once broken, the next resistance is at its 100-day EMA at 237.00.<\/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 yesterday with 2.60%, to close at 228.80. <\/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-328196","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\/328196","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=328196"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328196\/revisions"}],"predecessor-version":[{"id":328200,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328196\/revisions\/328200"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}