It has been a good run for San Miguel Corporation “B” (SMCB), publicly listed in the Philippine Stock Exchange, since March of 2009 but this week looked even better. Shown in the image, the stock chart of San Miguel, broke out from a double bottom formation (indicated by the 2 red arcs) a few days ago. I set my minium target price at 70-80 pesos per share. Click image to enlarge!
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