SCC to continue crushing down below 30

Today's Pricce Signal

Stock:  SEMIRARA MINING AND POWER CORP  (SCC)




SCC trend chart; Exhibit 1

RS1 - price movement that is more likely to follow depending on current momentum
RS2 - price movement that is more likely to follow when market goes bullish
RS3 - price movement that is more likely to follow when market goes bearish

Notes:
-tools/techniques used: Support and Resistance Levels, Fibonacci, Trend; see chart as reference

-timeframe: 6 to 7 months strong down trend
-testing 50% fibonacci support at 36;

 -once crossed 50%, it will fall down to 60% fibonacci support at 34 and possible to bounce        back to 36 in 2 months time - still not a guarantee.

-However, it's momentum suggests that it is more likely to fall down to 30 to 28 until May        2018; or worst is to pursue it's 100% support at 25 by June of the same year.

*****


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