Saturday, January 14, 2017

chart monitor: JFC/JOLLIBEE FOODS CORPORATION (14 JAN 2017)


JFC chart as of 13 JAN 2017 
(click on the chart to enlarge)

remarks:

1. JFC closed lower to 212.00 ...

2. the macd histogram is above the 0 - horizontal but is falling; it is lower ... 

3. resistance: 219.40 - 220.00 ...

4. psychological support: 210.00

5. if i were a short term trend follower* ... and i intend to buy JFC ... ill wait further muna .. as the macd histogram is falling pa (ideally ... i buy when the macd histogram is below the 0 - horizontal and is just rising) ...


* 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.