{"id":328424,"date":"2024-07-17T06:25:00","date_gmt":"2024-07-16T22:25:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328424"},"modified":"2024-07-17T09:13:46","modified_gmt":"2024-07-17T01:13:46","slug":"technicals-talk-sm-prime-holdings-inc-smph-17-jul-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-sm-prime-holdings-inc-smph-17-jul-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: SM Prime Holdings, Inc. (SMPH) – 17 Jul 2024 by RCBC Securities"},"content":{"rendered":"
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<\/div>\n\n\n\n

Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>SMPH<\/td><\/tr>
Company Name<\/strong><\/td>SM Prime Holdings, Inc.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>17 Jul 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 29.00 \/ 28.40<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 31.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

After a failed double bottom formation, SMPH\u2019s share price continued to decline, reaching a 4-year low of 25.70. It then rebounded by as much as 17% and broke above its 50-day and 100-day EMAs. <\/p>\n\n\n\n

The stock is now attempting to breach the 200-day EMA, which, if successful, may lead to a retest of the 31.00 resistance level. <\/p>\n\n\n\n

However, its RSI is now nearing overbought territory which may prompt profit taking. <\/p>\n\n\n\n

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

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

For those with existing profitable positions, consider securing some profits if it fails to break above its 200-D EMA and buy back around the 28.40 to 29.00 support area.<\/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":"

After a failed double bottom formation, SMPH\u2019s share price continued to decline, reaching a 4-year low of 25.70. <\/p>\n","protected":false},"author":1685,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-328424","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\/328424","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=328424"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328424\/revisions"}],"predecessor-version":[{"id":328427,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328424\/revisions\/328427"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}