Wednesday, February 27, 2013

The Ninja Stock Monitor: JFC (27 feb 2013)

selected technical indicators of PSE-listed stocks 

26 feb 2013 closing prices 

jfc (jolibee foods corp)  

c: 126(-)
s: 125, 122.50
r:  129, 131.20
vol: (-)
macd: (+)
macd histogram: (+)
macd histogram direction: (-)
rsi: 70.54(-)
sts: 89.6(-

for an explanation of the indicators ... click: here 

1. jfc closed lower @126 ... 
2. the macd histogram changed direction .. now pointing south ... the rsi and sts still at oberbot levels but are now also declining  ..
3. somehow im not surprised with yesterday's price action ... i heard that a brokerage house has set a target price of 128 for jfc .. im assuming they have already started taking profits last moday as jfc went to a high of 131.20 with a 129.50 close ... possible follow thru selling today and in the coming days ... 
4. ill just continue monitoring .. im waiting until jfc finds its bottom before ill consider taking an initial position ... as chairman mao aptly said: " ... when the enemy attacks .. we retreat .." 

previous JFC monitor: The Ninja Stock Monitor: JFC (25 feb 2013)

for reference .. you may also want to read: my trading rules

p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose