Thursday, June 6, 2013

The Ninja Stock Monitor: JFC/Jollibee Foods Corp. (06 jun 2013)

selected technical indicators of PSE-listed stocks

06 june 2013 closing prices

jfc (jollibee foods corporation)  

c: 150(+; higher)
s: 134.50,131.50, 130
r:  150, 151, 160
vol: below the 5-EMA
macd: > 0 ... sell signal given
macd histogram: > 0
macd histogram direction: > 0/higher
sts: 57.09 (+)/still within the trading zone

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


jfc chart as of 06 jun 2013 
(click on the chart to enlarge)


1. jfc surged back to 150 after being sold down last week until early this week ... tho on below average volume ...
2. the macd gave a buy signal; the sts gave a buy signal yesterday ...
3. current trading range: 131.50 - 151
4. what to do? options: 
a. sell half of the position given that jfc is already just below the 151 resistance
b. sell the entire position
c. just adjust stops and consider the possibility of a breakout of the 151 resistance
d. add to the position if jfc breaches and closes above 151

previous JFC posts:

1. today's log: jfc (05 jun 2013) 

2. The Ninja Stock Monitor: JFC (31 may 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