2GO Group, Inc. 2GO is potentially forming a toppish/reversal pattern with a Shooting Star candlestick pattern (requires confirmation). This reversal pattern is in confluence with the PRZ (Potential Reversal Zone) of a Bearish AB=CD harmonic pattern. Trading Plan - Avoid for now and monitor for a confirmation of the reversal pattern. - If previously trading the rally, scale down position or take some profit on confirmation of the bearish candlestick pattern. Profit run the rest of the position with trailing-stop.
Jollibee Foods Corporation JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern *Major support at 260 Trading Plan - For short term trading position, take profit or scale down position. - Set trailing-stop on remaining position.
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