To all the Minervini followers, is Petrofac (LON:PFC) in a stage 2 trend? or is it to early to tell?

Quality and Value is high, and momentum has started to increase. A little guidance to understand his methodology using this stock as a example would be great by the more informed of his followers

Petrofac Limited’s stock price is down 45% in the last year. The company continues to be hurt by the uncertainty which the SFO investigation brings hence the sp depression for several months.

With Petrofac having the capacity to win further contracts, its financial performance may remain strong in the near term. However, until more is known about the outcome of the SFO investigation, it could still be hurt further. but in the mean time is this stock about to break out?


thanks.

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