Smc is trending up. And as more projects come, the fundamentals remain strong.
All that remains is to buy and hold.
Added my position in this stock.
118 book value per share and current price is below it. This thing is both undervalued and a steal to go long.
www.sanmiguel.com.ph
Technicals show bullish close and so a good time to buy and hold. Also because fundamentals show net income increase.
More details in link.
2 strong A to B with pull back good for entry.
Wait for break out, the stock Is set for a breakout.. . and choose your position to be long or short. and see for industry news for potential entry positions.
PSE:SMC
DISCLAIMER:
This is just my analysis. Before entering a position, you should be in conviction with multiple factors which include macro and microeconomic parameters to ensure that you are ready...