{"id":327122,"date":"2024-03-12T06:19:27","date_gmt":"2024-03-11T22:19:27","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=327122"},"modified":"2024-03-12T09:17:44","modified_gmt":"2024-03-12T01:17:44","slug":"technicals-talk-semirara-mining-and-power-corp-scc-12-mar-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-semirara-mining-and-power-corp-scc-12-mar-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Semirara Mining and Power Corp. (SCC) – 12 Mar 2024 by RCBC Securities"},"content":{"rendered":"
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\"\"<\/figure><\/div>\n\n\n
<\/div>\n\n\n\n

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>12 Mar 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 33.50<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 34.50 \/ 35.60<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SCC moved up for two consecutive days after it bounced from a pullback to its short-term support at 33.50 last week. It ended yesterday\u2019s session gaining 0.59%, to close at 34.20. <\/p>\n\n\n\n

SCC has been moving upwards since it double-bottomed at its 28.00 support level and is already up by 22.14% from its support to its current price.<\/p>\n\n\n\n

As seen in the chart, when its RSI hits overbought conditions, it pulls back and gives room for accumulation before it trades higher, forming a higher low. <\/p>\n\n\n\n

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

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

For those who are looking to accumulate, buy on dips at the support level near 33.50. <\/p>\n\n\n\n

Next resistance after 34.50 is at 35.60.<\/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 moved up for two consecutive days after it bounced from a pullback to its short-term support at 33.50 last week.<\/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-327122","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\/327122","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=327122"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327122\/revisions"}],"predecessor-version":[{"id":327124,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/327122\/revisions\/327124"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=327122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=327122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=327122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}