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    Stocks are bought on expectations, not facts.

Jollibee Foods Corporation (JFC)

Breakout? 

In the chart below, we can see that JFC has broken above its resistance line...BUT, it's not convincing yet. In situations like these, I think the only thing we're waiting for is momentum to break its prior high of 88.25. If we follow the (red) trendline, JFC is scheduled to go up tomorrow (Haha! The schedule may change though. :-P) If it does, then I'm looking at an upside target of 92. A long white or black candle should confirm or refute this trade idea. I will be bullish as long as support of 85.40 holds. Caveat!

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