Thursday, May 1, 2014

Jollibee Foods Corporation (JFC) - May 1, 2014

Technical View
Daily Chart
> JFC respected the PRZ of a Bearish Bat Harmonic Pattern and found support at 50MA. PRZ might retest again. The PRZ is important resistance level if it's broken we might have a run until 197.66 the PRZ of a Possible Bearish Crab Harmonic Pattern.
> The 38.2% Fibonacci Fan is in confluence with the PRZ of a Possible Bearish Crab Harmonic Pattern.
> Hidden Bullish Divergence
> Resistance is at 20MA then 176.50 (88.6% Fibonacci Retracement Level) and 61.8% Fibonacci Fan.
> RSI is currently at 52.39 (Based on 30-Day Period). Resistance  at 58.


















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