Technicals Talk: Jollibee Foods Corp. (JFC) – 18 Jul 2023 by AP Securities
Positive Momentum Indicator.
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.
Positive Momentum Indicator.
Previous resistance turned support.
MONDE traded higher last Friday, gaining 1.48% to close at 8.93.
Recovering momentum on RSI.
Positive Momentum Indicator.
GLO is now regaining strength as it pushes above multiple resistances.
SM shares continue to trade sideways with RSI levels maintaining neutral levels at
JFC shares finished yesterday strongly, up +3.86%.
Recovering momentum on RSI.
Bullish crossover on Stochastics from oversold levels.
ALI shares have rebounded following a downward trend which saw the stock peak at 25.50 two weeks ago.
As the stock is trading sideways, investors should look to trade the range for
200EMA trail resistance.
Inverse head and shoulder pattern.
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