Wednesday, July 19, 2017

chart monitor: JFC/JOLLIBEE FOODS CORPORATION (19 JUL 2017)


JFC daily chart as of closing of 19 JUL 2017
(click the chart to enlarge)


remarks

1. JFC closed higher to 220.40 ... up 1.57%

2. the macd histogram is above the 0 - line ... it is higher ...

3. resistance: 222.80 ...

4. short term traders may be fading the resistance in the coming days ... selling for their short term profits ...

5. lets just see what happens next .. will JFC continue on and breach the 222.80 resistance?

6. short term trend followers are on their own now ... sell when their stops are hit? or like me ... just hold on (since mababa ang stops ko hehehe) and wait for even better days? 


* what is a "short term trend follower"
* these notes are good only for the next trading day ... and NOT for the subsequent trading days 
* these notes are mine alone ... and are for sharing with short-term trend followers

for more philippine stock market views and information please check:

FINANCE MANILA



STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!


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 citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose.



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