Thursday, January 18, 2018

JFC looks toppish

Jollibee Foods Corporation

JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern

*Major support at 260

Trading Plan
- For short term trading position, take profit or scale down position.
- Set trailing-stop on remaining position.


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