DoubleDragon Properties Corp. Technical Analysis
DoubleDragon Properties Corp. (DD) traded in a topsy-turvy manner on February 19, 2021 as it closed at a price lower than its opening price. DD closed at ₱15.26 with a Net Foreign Selling worth ₱6.42 million.
This property stock is on a net foreign selling year-to-date. Did you know that foreign investors have extended their selling-spree from 2020 and registered over ₱60 million worth of net foreign selling this week?
DD’s main support is near ₱13.90, while its main resistance is near ₱16.60. However, I see a minor resistance near ₱15.40, confluent with the 78.60 percent retracement of the Down Fibonacci. DD must break that minor resistance with a volume preferably above 100 percent of this stock’s 10-day volume average to increase the likelihood of drawing closer to the main resistance at ₱16.60.
DD maintains its low-risk level due to its 10-day historical volatility score of 25 percent. This is a newbie-friendly stock.
Its upward momentum is not yet confirmed very strong since DD’s Average Directional Index is still below the 25-point mark. Besides, I see a formation of a bearish convergence between the negative and positive DMI lines. DD must break the minor resistance I mentioned above to jinx this bearish convergence between the two DMI lines.
Trade-Volume Distribution Analysis
Last Price: ₱15.26
Intraday Low: ₱14.7400
Intraday High: ₱15.5200
VWAP: ₱15.0634
Dominant Range: ₱15.00 – ₱15.26
Following my Evergreen Strategy 2.0 (which I will discuss with all attendees of my 2-day online workshop on February 25 and 27), DD got a confirmed buy signal because both of its 10SMACD and Momentum Power Indicator are bullish. Attend my 2-day online event, so you’ll understand how I arrived at that synthesis.
True Market Sentiment EOD – February 19, 2021
True Market Sentiment: BEARISH
5 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱15.0427
Top 10 Players’ Selling Average: ₱15.0382
11 out of 40 participants, or 27.50% of all participants, registered a 100% BUYING activity
6 out of 40 participants, or 15.00% of all participants, registered a 100% SELLING activity
True Market Sentiment WTD – February 15-19, 2021
True Market Sentiment: NEUTRAL
5 of the top 10 brokers registered a positive Net Amount
7 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱15.1155
Top 10 Players’ Selling Average: ₱15.0084
5 out of 78 participants, or 6.41% of all participants, registered a 100% BUYING activity
23 out of 78 participants, or 29.49% of all participants, registered a 100% SELLING activity
True Market Sentiment MTD – February 1-19, 2021
True Market Sentiment: NEUTRAL
6 of the top 10 brokers registered a positive Net Amount
4 of the top 10 brokers registered a higher Buying Average than Selling Average
Top 10 Players’ Buying Average: ₱14.8230
Top 10 Players’ Selling Average: ₱14.8833
6 out of 85 participants, or 7.06% of all participants, registered a 100% BUYING activity
14 out of 85 participants or 16.47% of all participants registered a 100% SELLING activity
The overall True Market Sentiment across three timeframes is neutral. That’s a sign wanting us to err on the side of caution.
Recommendations
You know that there’s a confirmed buy signal based on my Evergreen Strategy 2.0. Before you hit the buy button, you must calculate your initial trailing stop and reward-to-risk ratio. You can use my trading calculators. If you’re satisfied with the ratio, that’s when you can position within the prevailing dominant range. If today’s dominant range doesn’t appear in the spread within the first 3 to 5 minutes of trading on Monday, ask for our latest analysis in our Private Clients Forum (if you’re one of our clients).
On the other hand, it’s either you top up (if you’re buying power allows it) or hold your position if you want to take the hint from the neutral True Market Sentiment across three timeframes. Base your decision on your risk appetite. If you’re a high-risk trader or investor, topping up may be attractive for you. Otherwise, holding your position may be a more prudent option. Just keep an eye on your trailing stop. Do an upward adjustment if and when the prevailing price goes higher than your previous basis for your trailing stop.
If everything I said above seems a lot to absorb, please attend my 2-day online event on February 25 and 27 so you’ll be able to learn how to invest independently and trade tactically. All attendees will get a 1-year free subscription to Equilyst Analytics. Click here to get your ticket.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
very useful for newbies like me
I’ve been reading your analysis of selected stocks and they’re very useful for newbies like me, thank you so much!
straight to the point
For sure there are a lot of stock market geniuses out there, sa pilipinas pa lang madami na, but, Jaycee, gives a taste of his own gift to others, newbie or oldie, magaling mag english o hindi, and even it’s just a “taste” of his ingenuity, it is very helpul. Really. Walang paligoy ligoy. Straight to the point. His free newsletters are a combination of detailed information and motivational articles at the same time. (I love the science lab OJT story). I am still trying to manage my finances at this point but I look forward to subscribing any time soon.
helps me make better buying and selling decisions
This is great! Understanding the principles helps me make better buying and selling decisions.
helped me trade gainfully on 2 stocks
I have subscribed for a short time as a long-term investor and it helped me trade gainfully on 2 stocks. My earnings are small for now as my capital is still limited. Will subscribe again soon.
big help in guiding me
You are a big help in guiding me with my stocks investment. Thank you!
easy to comprehend even grade schoolers can understand
While I still subscribe only to the free newsletter, it’s been more than enough for me to get myself going and be ready on the basics of investing and trading. Its very understandable and easy to comprehend even grade schoolers can understand them. Kudos to you and your team sir.
I am impressed by your work
I highly recommend Stock Signals. Newbies to freelance investor/trader will find this helpful, from choosing the right stocks to getting useful information to having maximum profit. I must say that I am impressed by your work. Thank you, Sir Jaycee for having this free newsletter.
Very informative. Will tell others about you.
Thank you for the free newsletter! Very informative. Will tell others about you.
gave me more knowledge
Gave me more knowledge on what is going on in stocks (either I have it or not) helps me a lot to understand how to trade stocks as an OFW who has an 8 hour behind time difference from Manila trading hours. Thank you and more power to you Mr. Jaycee and I really appreciate all your efforts!
You're great. Keep it up.
I really appreciate all your analysis being a newbie in stock trading. Please continue writing and please advise reading materials for our reference. You’re great. Keep it up.
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
Thanks. But this is last week’s analysis. Do we have a fresh one?
Hi. You may ask for our latest analysis on DD in our Private Clients Forum.