Semirara Mining and Power Corporation (SCC) is trading at 24.60 as of recess of July 23, 2019, up by 2.07 percent. SCC is up by 2.50 percent for WTD, 6.26 percent for QTD, and 6.72 percent for YTD.
Foreign investors are on a Net Foreign Buying worth P6.4 million as of recess today. On the other hand, foreign investors are bearish on SCC for YTD.
The immediate support is near 21.30 while the immediate resistance is near 24.60. Let’s see this afternoon if SCC will close above 24.60 with an impressive volume.
My 10SMACD combo is valid. My Fantastic Four signals are present. If you attended The Evergreen Strategy in Trading the Philippine Stock Market seminar, you know what to do whether you already have SCC in your portfolio or you’re just planning to enter a new position. Please review the updated handouts I sent the other week.
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SCC maintains its low risk level with its historical volatility score at 40 percent. The RSI is relatively distant from the classical overbought level. The DMI and ADX put the bias on the bulls. For as long as the Fantastic Four signals are present, the ascent in price is more likely to continue.
Trade-Volume Distribution
Last Price: 24.60
VWAP: 24.52021267
Most Traded: 24.55 – 24.6
Most Voluminous: 24.5 – 24.6
True Market Sentiment
True Market Sentiment of SCC as of Jul-23-2019 at 12:00PM, with a last price of 24.600.
5 of the top 10 brokers registered a positive Net Amount
6 of the top 10 brokers have a higher Buying Average than Selling Average
True Market Sentiment: BULLISH
Top 10 Players’ Buying Average: 24.5063
Top 10 Players’ Selling Average: 24.5168
Bonus Info:
10 out of 41 participants or 24.39% of all participants registered a 100% BUYING activity
19 out of 41 participants or 46.34% of all participants registered a 100% SELLING activity
Recommendations
Were you able to position on SCC at a much lower price? Would you like to top up? Do it between 24.50 and and 24.60. Post a request for SCC’s latest Trade-Volume Distribution chart in our Private Clients Forum if and when the price starts lower or higher than that range. Do an upward adjustment on your trailing stop loss every time the price goes higher than its prevailing price.
To those who attended my The Evergreen Strategy in Trading the Philippine Stock Market seminar, please review lesson # 6, especially that part where you need to reduce your percentage of risk tolerance when there are signs of a weakening momentum.
Refer to lessons 2 for the methods on how to identify if the trend is more likely to continue. It’s all in your handouts.
On the other hand, I suggest that you calculate your reward-to-risk ratio before you enter a new position on SCC. Please refer to lesson # 6 in your handouts. If you’re satisfied with your reward-to-risk ratio, position within the dominant range. Also, post a request for SCC’s latest Trade-Volume Distribution chart in our Private Clients Forum if and when the price starts lower or higher than that range.
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