selected technical indicators of PSE-listed stocks
jfc (jollibee foods corporation)
s: 125.30, 124.70, 120, 115
2. the histogram changed direction .. its now pointing up ... the sts while still oversold is similarly pointing up ..
3. today's across the board price action made a lot of people think that the market may have already found its bottom yesterday ... maybe .. maybe not .. i dont know ..
4. what to do? options:
a. just continue waiting in the sidelines .. until a macd buy signal is given ..
b. establish an initial reentry position in the coming days ... buying 1/3 of the envisioned position .. and just add as the price action continues favorably ..
im more inclined to take option b ... with the corresponding cutloss point just in case the price action goes the opposite way
previous JFC posts: