Stock in Focus: DoubleDragon Properties (DD)

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After nine months of slumber, the dragon may have finally awaken.

DoubleDragon Properties Corp. (stock symbol: DD) experienced a big burst of activity in late-March as it breached the 8.00 level.

The vicinity of the 9.55 March 27 high has been revisited a few days ago, and the day ended with an eerily similar bearish candle cutting through 9.00.

If there is genuine momentum behind this move, we would likely see 10.00 in the coming days or weeks.

Philippine Stock Exchange, DoubleDragon Properties_DD Daily chart, April 17, 2015

DD Daily chart, April 17, 2015 c/o Philstocks

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