{"id":329000,"date":"2024-08-16T06:06:18","date_gmt":"2024-08-15T22:06:18","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329000"},"modified":"2024-08-16T09:04:04","modified_gmt":"2024-08-16T01:04:04","slug":"technicals-talk-jollibee-foods-corp-jfc-16-aug-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-jollibee-foods-corp-jfc-16-aug-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Jollibee Foods Corp. (JFC) – 16 Aug 2024 by Regina Capital Development Corp."},"content":{"rendered":"
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<\/div>\n\n\n\n

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>Regina Capital Development Corp.<\/td><\/tr>
Opinion Issued on<\/strong><\/td>16 Aug 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 233.11<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 241.60<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Breakout or fakeout? JFC is currently seeing a breakout with stocks reaching the 240s zone, possibly nearing overbought conditions. <\/p>\n\n\n\n

This is supported by an RSI of 68.70 and steep MACD and +DI positive crossovers. <\/p>\n\n\n\n

A pullback may be possible as the sudden staggering increase in momentum could slow down once it reaches overbought conditions. <\/p>\n\n\n\n

Given that, it is recommended to take advantage of the short-term gains and sell on rallies.<\/p>\n\n\n\n

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

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

Sell on breakouts. <\/p>\n\n\n\n

Weekly target: 238.30.<\/p>\n\n\n\n

Support: 233.11.<\/p>\n\n\n\n

Resistance: 241.60.<\/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 is currently seeing a breakout with stocks reaching the 240s zone, possibly nearing overbought conditions.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-329000","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\/329000","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329000"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329000\/revisions"}],"predecessor-version":[{"id":329004,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329000\/revisions\/329004"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}