Trade Idea | URC | Universal Robina CorporationThis is the stock I've been accumulating since it tested the 89 level. You can read my blog post here. This will be our long term PH stock position.
To reiterate what I've written from my blog post :
"Technically, my price target is 150.00. If for some reason, this play won’t work out, I will be out once I’m down by 7% here, remember that.
I’ve seen some brokers/ analysts cutting their price target to 132.00 reflecting their concern about the future growth of the sugar business and I think I don’t care. What really matters here for me is the bottom line figure of this stock.
Revenue is growing year over year. This year, the annual forecast is at around 161.98B and I think there’s a chance they’ll beat this plus they’re payout ratio is increasing."
So for those who are long on this stock, stay strong bulls.
URC
Universal Robina Corporation (URC) 12/22/2022I placed an order for URC at 137.40 today as it continues its uptrend and will likely break its short-term resistance level at 138.80.
I placed my cut loss just below the ALMA line. I may also leave the stock if it rejected the the said resistance price I mentioned above.
URC poppingThis is another example of a trading pattern that I trade regularly, you just have to look for it.