Multi year breakout stock : SPIC 🚀
Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co
# Stock trading at a very low PE ratio of 4.5
# Constant growth year on year , boosting EPS
# Promoter holding of 50%
# Excellant cash flow , CFO/PAT of 2.3
# Reserves and Assets increasing
👉 Overall the stock is both fundamentally and technically very strong , looking very good to me for a multi bagger returns in long term , will be buying the stock on every dip as long as its trading above 50rs , no targets in the stock , upside is completly open
Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co
# Stock trading at a very low PE ratio of 4.5
# Constant growth year on year , boosting EPS
# Promoter holding of 50%
# Excellant cash flow , CFO/PAT of 2.3
# Reserves and Assets increasing
👉 Overall the stock is both fundamentally and technically very strong , looking very good to me for a multi bagger returns in long term , will be buying the stock on every dip as long as its trading above 50rs , no targets in the stock , upside is completly open