Technicals Talk: Semirara Mining and Power Corp. (SCC) – 16 Aug 2023 by Regina Capital Development Corp.
SCC remains a good pick as it displays market resilience among other names.
Technicals Talk reports contain our partner brokers’ technical analyses of select PSE stocks. Technical Analysis relies on trends and price movements and is typically used when doing short-term or day trading.
SCC remains a good pick as it displays market resilience among other names.
Potential bounce at 61.80% Fibonacci retracement levels.
PLUS has gained 40% since the breakout from its 2-month consolidation and reached a new 52-week high of 5.38 yesterday.
AC traded lower last Friday, closing at 604.00, down by 2.03%.
Price near range support.
ICT continues its range as the index falls down making this stock an attractive buy for investors for a chance at another run-up.
JFC starts to trend lower as bears sell with the index going down.
Bullish divergence on RSI.
Uptrend channel.
WLCON traded higher yesterday by 0.66% to close at 22.85. It recently dipped to
Extremely oversold on Stochastics and RSI levels.
Potential double bottom levels.
Trading at range support.
Stochastics at oversold levels.
Despite the current downfall, SCC manages to sustain prices at current levels.
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