“Langhap-sarap” company Jollibee Foods (stock symbol: JFC) is feeling the squeeze after it topped out just above 185 in mid-November. Looking at the Daily chart, we can see that it breached the critical 165 area last Thursday, but price quickly rebounded.
The MACD indicator remains bearish but JFC could chop its way upward.
Buyers should watch out for resistance somewhere between 170 and 180.
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