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Wednesday, January 29, 2025

Stock Price Review: Semirara Mining and Power Corporation (SCC) Daily Chart as of January 28, 2025 – Buy or Sell Decision Using the Hybrid 10-Step Strategy

Contents:

  • Introduction
  • Hybrid 10-Step Trading Strategy Review
  • Final Stock Recommendation
  • Next Steps

Introduction

Semirara Mining and Power Corporation (SCC) has been in a strong uptrend, reaching a recent high of ₱36.50 before showing a slight pullback. The January 28, 2025 closing session reflects a price decrease of -0.55%, settling at ₱36.20. Our amended chart annotations now include key pullback levels (0%, 25%, 50%, and 100%), which provide crucial insights into SCC’s potential retracement zones. This review determines whether SCC presents a buy, sell, or hold opportunity using our Hybrid 10-Step Trading Strategy.

Trade Details

  • Stock: Semirara Mining and Power Corporation (SCC)
  • Exchange: Philippine Stock Exchange (PSE)
  • Timeframe: Daily Chart
  • Date: January 28, 2025 (Closing Session)
  • Closing Price: ₱36.20
  • High: ₱36.40
  • Low: ₱36.10
  • 20-MA (Short-Term Trend): ₱35.34
  • 200-MA (Long-Term Trend): ₱33.02
  • Key Pullback Levels:
    • 0% Pullback (Resistance): ₱36.50
    • 25% Sweet Spot Pullback: ₱35.50
    • 50% Pullback (Stronger Support): ₱34.50
    • 100% Pullback (Major Support): ₱32.50

This review follows our Hybrid 10-Step Trading Strategy for a structured assessment.

SCC Daily Chart with technical indicators and retracement levels

SCC Stock Price Review – Analyzing Buy or Sell Signals with the Hybrid 10-Step Strategy Closing Daily Chart as of January 28, 2025


Hybrid 10-Step Trading Strategy Review

Step 1: Identify Market State & Trend Context

  • SCC remains in a strong uptrend, trading above both the 20-MA (₱35.34) and 200-MA (₱33.02).
  • The 20-MA is sloping upward, confirming continued bullish momentum.
  • The stock is now pulling back from ₱36.50, testing initial support zones.
  • Recommendation: BUY / HOLD – The trend remains bullish, with pullbacks offering re-entry opportunities.

Step 2: Price Position & Retracement Zones

  • SCC is currently trading just below the 0% pullback level (₱36.50).
  • The first strong retracement zone is at ₱35.50 (25% sweet spot pullback), aligning with the 20-day MA.
  • The 50% pullback level (₱34.50) is a major support zone for potential bounce plays.
  • Recommendation: BUY / HOLD – Buying near support levels presents better risk-reward.

Step 3: Power Bars, Breakout Signals & Volume Confirmation

  • The last few candles indicate consolidation after a strong rally, suggesting profit-taking.
  • Volume remains strong at 1.114M, supporting continued market participation.
  • Recommendation: BUY / HOLD – A breakout above ₱36.50 with volume would confirm trend continuation.

Step 4: Entry Confirmation Based on Technical Signals

  • The best buy entry is near ₱35.50-₱35.00, aligning with the 25% pullback sweet spot.
  • A confirmed breakout above ₱36.50 with volume would signal further upside.
  • Recommendation: BUY / HOLD – Enter near pullback levels or on breakout confirmation.

Step 5: Stop-Loss Positioning & Risk Management

  • A stop-loss should be placed below ₱34.50 (50% pullback level) to manage downside risk.
  • If the pullback extends to ₱32.50, reassessing the trend would be necessary.
  • Recommendation: BUY / HOLD – Stop-loss placement is key for risk management.

Step 6: Color Change Signals for Additional Confirmation

  • No bearish reversal signals have appeared yet.
  • Recommendation: BUY / HOLD – Monitor for any significant bearish candle formations.

Step 7: Profit-Taking Strategies with Tactical Exits

  • Short-term traders can take partial profits near ₱38.00-₱39.00.
  • A full exit is recommended if price struggles to hold above ₱36.00.
  • Recommendation: BUY / HOLD – Partial exits near resistance levels are advisable.

Step 8: Potential Re-Entry Zones

  • If a breakout fails, a better re-entry zone would be around ₱34.50-₱35.00.
  • Recommendation: BUY / HOLD – Avoid chasing if price struggles at resistance.

Step 9: Tactical Position Adjustments (Position Sizing Strategy)

  • Core position: 50% size at ₱35.00-₱35.50, if price holds above 20-MA.
  • Tactical add-on: 10% size above ₱36.50, if volume strengthens.
  • Recommendation: BUY / HOLD – Manage positions based on breakout strength.

Step 10: Counter-Trend Trading Considerations

  • Counter-trend trades should only be considered if SCC forms a clear reversal pattern.
  • Recommendation: STICK TO THE TREND – Trade only on trend continuation confirmation.

Final Trade Recommendation

Final Trade Recommendation: BUY / HOLD

✅ Recommendation: Buy near support at ₱35.50 (25% pullback), or on breakout above ₱36.50 with volume.

✅ Risk Management: Stop-loss below ₱34.50 to protect against downside risk.

✅ Profit-Taking Strategy: Target exits at ₱38.00-₱39.00 for short-term trades.

✅ Position Size Strategy: Enter moderate size, adding more only above ₱36.50 with volume confirmation.

Next Steps

🔹 Short-term traders → Buy only if price holds ₱35.50 or breaks above ₱36.50 with strong volume. Target ₱38.00-₱39.00.

🔹 Long-term investors → Hold as long as ₱34.50 support remains intact.

🔹 Existing holders → Partial profit-taking recommended near ₱38.00-₱39.00.

🚨 Final Thought: SCC remains in a strong uptrend. Look for a confirmed breakout or buy on dips. 🚨


Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.


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