JFC price action update

Jollibee Foods Corporation

JFC remain toppish as it continues to tiptoe the resistance line of its upward price channel. Yesterday's candle also formed up a Bearish Harami pattern, a potential sign that the current uptrend is slowing down or may soon come to an end.

Trading Plan
- Avoid for now.
- Please see previous analysis for other potential action to take.
https://psetrends.blogspot.com/2018/01/jfc-looks-toppish.html

COLing the Shots stock picks

01/20/2018

"COLing the Shots" is a monthly publication by COL which provides insights on investments opportunities based on global and local developments that could affect the market. See https://www.colfinancial.com for the detailed report.

Consensus of stocks under the PSEi index

Source: First Metro Securities
https://www.firstmetrosec.com.ph/

January 19, 2018

DD price action analysis

DoubleDragon Properties Corp.

DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown.

*Major support around 36.

Trading Plan
- Avoid for now.
- Buy the breakout from downward price channel on good volume.
- For long term position, accumulate below 40, the lower the better.

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.