As of this writing Jollibee has just hit another historic high at 277.60! I am such a big fan of Jollibee as a brand, as a consumer and as an investor as I know the tax reform bill will cause Jollibee to have more earnings! I really believe that this is just the tip of the iceberg as to what Jollibee can be as I believe they will be one of the largest fast food chains in the world!
Congratulations to Filipinos invested in Jollibee! This is the time where your conviction to position is paying off! That’s where money is made in the market when you come invest in spite of everyone telling you its expensive and has no chance to go up! Money is made in the markets when you have conviction!
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Investor Insights 2018 — January 20, 2018
Stock Smarts London — January 26 – 28, 2018
Stock Smarts Dubai, UAE — February 9 – 12, 2018
Stock Smarts Manila — March 3,4,17,18 & 24, 2018
Stock Smarts Davao — April 28 – 29, 2018
Stock Smarts Singapore — May 5 – 6, 2018
Stock Smarts Iloilo — May 12 – 13, 2018
ICON 2018 — May 26, 2018
Jollibee is in uncharted territory
Jollibee is now in uncharted territory! Because of yesterday’s movement the stock has broken past the 260 resistance with a very strong 328 Million Peso value turnover! Talk about conviction! Today at 277.60, the stock currently has no resistance hindering it from reversing!
Growth over price
As JFC has massive expansion plans under its belt and an ever expanding Filipino middle class, growth will just continue to be amazing over the next few years! This means that the EPS of the company will just continue to grow and it will somehow make valuations attractive again in the future. This translates into people buying into what JFC could be when all the stores get rolled out in the next few years. Jollibee plans to have 50% of its revenue come from overseas restaurants! think about how big they could be in America, Europe, China and other countries! Specially if they get Pret a Manger! This gives them a larger exposure in Europe!
On a technical level, all short, mid and long term indicators are pointing that JFC has bullish momentum upward! As of this writing, we still don’t have any sell signals yet for the stock. Looking at it from a support and resistance level, if JFC continues to stay above 260, the short term target price can be pegged at 282 but if you are looking at it from a mid term perspective, the target price, if it holds this new support level, will be at 340! To balance things out however, if it fails to stay above 260 though, a possible retracement to 250/238 is possible!
Please follow the technicals. Don’t sell to early. Don’t let your emotions to get the best at of you. Of course, there will be areas where JFC will have to correct a bit and may drop because of selling but remember that the trend is your friend and at this point it is telling you that the stock is still trending up! As stocks like this go up, the biggest weakness of traders is to sell too early even though the stock has just broken out. Don’t let your emotions get the better of you, your goal should be to maximize your stock while it is moving up and progressing in its uptrend.
Never stop trading. Never stop investing. Never stop learning. You are your greatest investment and the more you know about stocks the greater your chances to ride uptrends like this! God bless you and I really hope that 2018 will be your greatest trading year yet!