Technicals Talk: Jollibee Foods Corp. (JFC) – 23 Feb 2024 by Regina Capital Development Corp.
Shares have been consolidating within a range as the stock’s 50-d MA catches up with the share’s LTP.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
Shares have been consolidating within a range as the stock’s 50-d MA catches up with the share’s LTP.
50EMA trail support.
BPI is once again at the overbought region with shares sustaining its upward trend since the start of the year.
Potential bounce at previous neckline levels.
After days of bathing in the overbought region, it seems like the long-awaited price correction is bound to happen sooner than later.
CREIT appears to be consolidating within a sideways trend, taking a breather around its 20-d MA.
Previous 100EMA trail resistance became support.
Potential Cup and Handle pattern.
After several attempts since last month, DNL finally broke above the 200-D moving average (MA) last Friday, gaining 3.95% and formed a rounding bottom pattern which suggests that a trend reversal to the upside is highly likely.
MONDE logged its 13th straight trading day in the greens, RSI levels are hitting the roof, levels at 85.79.
Potential inverse head and shoulder pattern.
Bearish divergence on RSI.
DMC’s share price has been trending up since the start of 2024 and gained 14% YTD.
CNVRG has finally broken the double digit resistance as shares are now trading at levels last seen four months ago.
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