JFC - Jollibee Foods

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JFC Daily Chart, June 30, 2009




JFC looking good so far.  If it can hold the support at 47-49 support level, then it might just retest the P52 level resistance?  

MACD setting is also showing a BUY signal.



 

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June 3, 2011 Checklist:

Price above 65MA - NO
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - yes
RSI overbought?  no
RSI divergence? no


Comments:

Looks like not so yummy right now?!?   Specially with ADX showing big momentum on its current direction of downtrend.   Will have to let this bottom out first. 

TIP - good timing for EIP though....   

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June 11, 2011 Checklist:

Price above 65MA - NO
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - NO
RSI overbought?  no
RSI divergence? no


Comments:

Definitely, not interesting still.  But then again, I have this stock on my EIP, so I have just added some into my portfolio.

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June 18, 2011 Update:

Price above 65MA - NO
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - NO
RSI overbought?  no
RSI divergence? no


Comments:

Sentiment still on a SELL.  My EIP alert is on.  Will accumulate some stocks on Tues.

I see strong support around 77 to 81 area as shown.  DMI still showing strong momentum for SELL.

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July 4, 2011:  P 91.95

Price above 65MA - YES
MACD above zero (buy zone) - NO
MACD cross for buy -  YES
DMI with ADX rising > 30   - YES
RSI overbought?   YES
RSI divergence?   looks like a BULLISH DIVERGENCE


Comments:

YUMMY!  Now we are seeing some good movements.  A little accumulation from the EIP does pay off!  hahaha.   

Looks like there is a bullish divergence?!?  And the short term trendline was broken.  Cautious about the RSI being oversold.

But, overall, if the market sentiment will be as bullish as the last few days, JFC is in for exciting movements this week.

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Jan 13, 2012 update:  P 91.45

Price above 65MA - NO
MACD above zero (buy zone) - NO
MACD cross for buy -  NO
DMI with ADX rising > 30   - NO
RSI overbought?   NO
RSI divergence?   NO


Comments:

Price is just right on 65MA and a trendline.  Bias is SELL as shown by MACD, and loss of momentum noted.

New Strategy, when PA bounces on 65ma - BUY!   And when it crosses back and breaches 16ma - SELL!  Of course MACD must "agree" and momentum must be present.  Volume is a nice indicator too.

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Jan 20, 2012 update:  P 93.30

Price above 65MA - YES
MACD above zero (buy zone) - YES
MACD cross for buy -  NO, but about to
DMI with ADX rising > 30   - NO
RSI overbought?   NO
RSI divergence?   NO


Comments:

Looks like it is prime for an UPWARD movement, specially if MACD cross for a BUY!

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Feb 9, 2012 update:  P 97.75

Price above 65MA - YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - NO
RSI overbought?   YES
RSI divergence?   NO


Comments:

Good move.  Go go and go pa rin kaya JFC?  Abangan

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Feb 12,  2012 update:  P 99

Price above 65MA - YES
MACD above zero (buy zone) - YES
MACD cross for buy -  YES
DMI with ADX rising > 30   - NO
RSI overbought?   YES
RSI divergence?   NO


Comments:

Still, a good BUY!