Technicals Talk: Jollibee Foods Corp. (JFC) – 22 Nov 2023 by RCBC Securities
JFC’s share price declined by as much as 21% after reaching its 52-week high at 261.40.
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.
JFC’s share price declined by as much as 21% after reaching its 52-week high at 261.40.
AC broke out from its resistance at 629.00 to close at 647.00 last Friday.
Price at critical support.
Price at a medium-term sideways trend.
A tough past few months for DNL as the stock continues to decline to 52w lows.
The stock has seen a strong upward trend, currently on its 4th straight trading day of gains.
The bears and the bulls are playing tug-o-war for AP, as seen on the latter’s spinning top candle.
Inverse head and shoulder pattern.
It appears CNVRG had difficulty in breaking its resistance level of 9.00 and has fallen to levels below all of its MAs.
The stock has had difficulty for the last two months as the stock exhibits patterns of a downward trend.
Descending triangle pattern.
Weakening momentum on RSI and Stochastics.
Downtrend channel.
Shooting star pattern.
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