{"id":325068,"date":"2023-09-27T06:19:27","date_gmt":"2023-09-26T22:19:27","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=325068"},"modified":"2023-09-27T09:33:48","modified_gmt":"2023-09-27T01:33:48","slug":"technicals-talk-semirara-mining-and-power-corp-scc-27-sep-2023-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-semirara-mining-and-power-corp-scc-27-sep-2023-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Semirara Mining and Power Corp. (SCC) – 27 Sep 2023 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>SCC<\/td><\/tr>
Company Name<\/strong><\/td>Semirara Mining and Power Corp.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>27 Sep 2023<\/td><\/tr>
Price Support<\/strong><\/td>PHP 33.30<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 36.00 \/ 36.45<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SCC broke out of its previous consolidation at the 27.60 to 29.20 range formed from May to July and was able to close the gap at 32.45 which resulted from the dividend-related gap down in April. <\/p>\n\n\n\n

Month-to-date, SCC is now up by as much as 11% and has recently formed a golden cross indicating that the stock may be heading toward a longer-term uptrend. <\/p>\n\n\n\n

Currently, the counter is moving sideways as its RSI is still trading within the overbought territory. Its 20-day MA is acting as immediate support while resistance stands at 36.00 then 36.45. <\/p>\n\n\n\n

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Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

For those looking to take position, buy on pullbacks until the 33.30 support and take some profits if it fails to break above 36.45. <\/p>\n\n\n\n

Set cut loss below 32.45.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SCC broke out of its previous consolidation at the 27.60 to 29.20 range formed from May to July and was able to close the gap at <\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-325068","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/1685"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=325068"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325068\/revisions"}],"predecessor-version":[{"id":325071,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/325068\/revisions\/325071"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=325068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=325068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=325068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}