JFC: TRENDING HIGHER | Marvin Germo
JFC Stock Pick

JFC: TRENDING HIGHER

By: Marvin Germo | August 24, 2017

This post is part of the late night #StocksByRequest session I did last August 22, 2017. This post primarily centers on JFC and where the stock is headed. (For the other stocks, click this link). The analysis is based on the closing prices of August 22, 2017. We will have our FB Live version of #StocksByRequest this August 24, 2017 at 9pm.

Congratulations to traders and investors of the stock!

Catch me in my live training events! (quick plug)

The rich “consumption” companies get richer. That’s why blue chip stocks just zoom higher because of the value attached to them. The higher they earn its stock price always follows and that’s what is happening for JFC right now!

Congratulations to traders and investors of the stock!

JFC broke out further after its impressive 18% Q2 earnings growth! To add context to this, this is the best quarterly earnings report of JFC in the past 5 quarters measured. JFC’s Q2 earnings, which is close to 2 Billion Pesos is higher than Q4 2016 earnings (Christmas) and Q1 & Q2 2016 earnings (Election spending)! That’s how good the 2017 quarter two earnings are!

For position traders, after the bullish reversal of JFC from 213 (last July 2017) the stock has continued its upward path with no downward reversal in sight. As of this point, you can hold on to the stock as we don’t have any sell signal yet. All indicators denote a bullish undertone.

For quick traders, the breakout from 225, gives JFC the shot to challenge 255 again. The first target price could be set at 248, if 248 is broken then the stock will head on straight to 255. A breakout from 255, will bring the stock to a new high of 285.

This breakout will progress as long as the support at 225 will hold.

JFC Stock pick

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