Stock in Focus: DoubleDragon Properties (DD)

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Will DoubleDragon Properties Corp. (stock symbol: DD) continue sleeping while other stocks rally? So far, this seems to be the case of this dragon which mesmerized investors not long ago.

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Philippine Stock Exchange, DoubleDragon Properties_DD Daily chart, September 30, 2014

DD Daily chart, September 30, 2014

The Detrended Price Oscillator (DPO) continues to cling to the zero level. Could this level break soon?

We can see DoubleDragon has formed an ascending trendline just above 7.50. Not much has changed here: 7.00 is a critical support for DD, so investors should watch out. Bulls are aching for a move toward 9.00-11.00.

NOTE: My last post on DoubleDragon Properties Corp. was almost 3 months ago. If you want a monthly analysis of this stock (and all PSE Index stocks plus over 10-30 bonus analysis articles) or another specific stock, you should consider getting a Platinum Premium Subscription. If you join us, you get to learn and earn while supporting school kids and our donation drives!

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