JFC To Hit P8 More Before Heading 30% Up

Today's Pricce Signal

Stock:  Jollibee Foods Corporation (JFC)



JFC comparative chart (June 5, 2017; Nov 13, 2017)

As forcasted last June 5, 2017, we've seen a potential for JFCs bullish movement as indicated by its Double Bottom (see left side of chart above); now it is almost P8 lower that its major resistance line.

RS1 - price movement that is more likely to follow depending on current momentum
RS2 - price movement that is more likely to follow when market goes bullish
RS3 - price movement that is more likely to follow when market goes bearish

Notes:
-tools used: Support and Resistance Levels, Fibonacci; see chart as reference

-timeframe: 6 to 7 months
-price can go up to 30% to 40% after hitting its 260 resistance line

-buy at 252

-sell at 260, 270, 290 

-stop loss at 240, 230

*****


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