Buy chicken joy while JFC consolidates

JFC on daily chart shows that the price is getting help from the Kumo and the 166.23 per share support line while weekly chart is showing almost the same support level but Kijun Sen has been a strong resistance so far. Notice that it is our third week trying to break this line and so far unsuccessful. It may take JFC few more periods to break this resistance but since the general sentiment on this stock is bullish, this is an opportunity to buy/add shares as it consolidates. Some may also wait for a strong bullish signal to appear via Tenkan Sen / Kijun Sen Cross before entering. RSI is still healty.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to Buy chicken joy while JFC consolidates

  1. […] the consolidation (Buy chicken joy while JFC consolidates), is JFC ready to move up? Today we saw JFC move up by 1.8% reaching the 171 per share mark. If we […]

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