Out for JFC and SMPH

I mentioned in my earlier post http://xersmith29-trade.blogspot.com/2020/07/green-indicator-for-jfc-looking-at-ma.html that I found a good entry for JFC. MA and RSI are both positive so I made a position on this stock. Unfortunately, this stock followed the trend of PSEi and went down. I decided to cut loss and wait for another good entry. 

Candlestick is below MA9 and MA50. Let's see if it will try to touch 0.5 Fibo retracement or a little deeper at 108.5

It is the same scenario for SMPH as it wasn't able to sustain its initial momentum. Blue chips are driven heavily by PSEi wave. Let's watch for the next good entry.

SMPH approaching again the resistance

There's a strong resistance on 34 PHP level for SMPH. It is confirmed by Fibonacci 0.618 retracement and the support line that you can see on the previous peak and on other side of the chart. I have a feeling that SMPH will touch MA50 line again before it move to its next Fibo line. 

NIKL was able to sustain its up side

NIKL is able to keep up on 0.236 Fibonacci retracement and it seems it is on its way to pierce the 2.22 price. It was first tested last June 9 but failed to break. Slow moving RSI (9) on top of RSI (25) which is a good indicator. Candlestick is also above MA9.

2.46 is a strong resistance for NIKL. I am not able to show it in the screenshot but the other side of the chart became its previous 'flat' zone. 

Green indicator for JFC and MEG looking at MA and RSI

Looking at JFC with MA10, MA50 and RSI (9, 25) indicators. I was able to bounce and sustain the long term MA50 indicator and candlestick is above MA10. RSI 9 indicator is also above RSI 25. This is a very chart for JFC. I will likely make a position for this stock on Monday. I will watch the resistance also at 152, if it breaks let us see the price action at 184.

It looks the same story for MEG as both MA10, MA50 and RSI (9. 25) indicators confirmed a good entry. Good to enter 3.2 and next line to test is 3.45. If it breaks the 0.5 of the Fibonacci retracement then we'll lock in 3.9 price.