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.
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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