Technicals Talk: Jollibee Foods Corp. (JFC) – 24 Jul 2023 by RCBC Securities
JFC traded up last week after it bounced from 235.30 or its 50-day EMA support.
JFC traded up last week after it bounced from 235.30 or its 50-day EMA support.
Volatile sessions are seen, as participants await key issues that will be presented in Pres. Marcos, Jr.’s SONA, timed with the US Federal Reserve’s meeting this week (25-26 July).
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FB’s stock price has been mostly on a downward trend since its bull run last December up to March.
Sessions might remain range-bound, as participants heed to 2Q23 corporate earnings.
Here’s a commentary on an important issue or event affecting the stock market
Price at range resistance levels.
Shooting star pattern.
Positive Momentum Indicator.
Previous resistance turned support.
Market watchers will monitor the PSEi’s staying power above the 6,500 zone, as some are likely to
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