Belgacom shows relatively strong fundamentals and is coming back to attractive price.
From a fundamental viewpoint, the security is cheap with a PER of 10.04x for 2012 and 10.43x for 2013.

Besides, EV/Sales is low with a ratio of 1.34x for this year.

The security follows a downward trend in the short term, under the EUR 22.8 resistance area. In the mid-term, the trend is neutral. The stock is trading within a range between EUR 21.47 and EUR 22.8. Belgacom is not likely to continue its downtrend because it is near to the strong EUR 21.47 support and it is oversold.

The trading strategy can benefit from the proximity of the strong level currently tested in order to buy Belgacom with a good timing. The potential gain is 6%. Investors might placed a stop loss order at EUR 20.8 in order to avoid important losses.