What’s happening with Jollibee?
Nothing really aside from Jollibee is investing more in Smashburger to 85 percent from the existing 40 percent in the next few years. so why the sell off? NO idea except for EPS going down from 4.96 to 4.53 but that’s it. Still a good buy fundamentally but technically I’ll wait a little more for a bounce back or a sign of reversal.
Resistance: Php 210.00 to Php 220
Support 1: Php 180.00
Support 2: Php 150 to Php 170