Monday, October 31, 2016

chart monitor: JFC/JOLLIBEE FOODS CORPORATION (31 OCT 2016)


JFC chart as of 28 OCT 2016 
(click on the chart to enlarge)

remarks: 


1. JFC closed lower to 238.00 ...

2. the macd histogram is lower ... it crossed the 0 - horizontal (macd sell signal) 

3. bottom/support: 236.00 ...

4. same thing as AC ... not yet time to buy ... i buy when the macd histogram is rising na (the macd histogram is a trailing indicator ... so it is always possible the price is going up na while the histogram is still going down - i buy when it is rising na)

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.