Ginebra San Miguel, Inc.

(PSE: GSMI)
GSMI: STRONG BUY

What Happened:

GSMI is forming a bullish continuation pattern (ascending triangle). This pattern is considered long-term
bullish pattern. Eventually, price breaks through the upside resistance and continues in an uptrend.

My View:

The GSMI stock price is in a bullish continuation pattern. According to present data Ginebra San
Miguel's GSMI shares and potentially its market environment has been in a bullish cycle in the last 12
months. The pattern is likely to soar higher as it completes itself. Since the GSMI share price has effectively
broken through the P107.99 price resistance. This indicates the restart or start of an uptrend above the
P108 price. The target price is from P107.99 to P110.

Recommendation:

A long position is advised because the share price is higher than P108. Buy target price from 107.99 to
110.
TECHNICAL CORNER:

Analysis: GSMI is producing a continuation pattern that is bullish (ascending triangle). This pattern is
considered a bullish long-term pattern. Price eventually breaks through the resistance to the upside and
continues its rise. As the pattern completes itself, it will likely ascend to greater heights. Since the price
of GSMI shares has effectively surpassed the P107.99 price resistance. This signals the resumption or
initiation of an upward trend over P108. The price objective ranges from P108 to P109.

Trading Plan: A long position is advised because the share price is higher than P108. Buy target price from
107.99 to 110.

Analyst:

JARIAN C IBALES
June 08, 2022
Jollibee Foods Corporation (PSE: JFC)
JFC: BUY

What Happened:

JFC is developing a falling wedge pattern. Price tends to consolidate or trade more sideways during this
period. Once the price has broken out of the 2nd Lower Lows (LL), you should open a position above the
support level.

My View:

The price of JFC stock is in a falling wedge formation. JFC became profitable previously. The net debt to
equity ratio of JFC is acceptable. The pattern will likely ascend. If fakeout occurs, the stop-loss is placed
between P203.32 and P209.95. Once the price has surpassed the second Lower Lows (P209.95), you
should place a position range from P210 to P213.

Recommendation:

Buy at target price ranges from 210 to 213. A stop loss is indicated from 203.32 to 209.95. Take profit
around key levels provided below. (See technical corner)
TECHNICAL CORNER:

Analysis: The share price of JFC is forming a falling wedge pattern. Connecting the lower highs and lows
will reveal a minor downward slope to the wedge pattern before the price rises, culminating in a falling
wedge breakout to resume the bigger uptrend. The trend is likely to climb. The stop-loss is placed between
P203.32 and P209.95 if fakeout happens. Once the price surpasses the second Lower Lows (P209.95), you
should establish a position between P210 and P213.

Trading Plan: Buy at target price ranges from 210 to 213. Take profit around key levels. A stop loss is
indicated from 203.32 to 209.95

Analyst:

JARIAN C IBALES
June 08, 2022