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.
helpful in choosing stocks
Hello Sir!Your articles are really helpful in choosing stocks. Thanks! God bless!
Very helpful.
Does not look misleading, unlike the others. Very helpful.
Very helpful analysis
Very helpful analysis.
your analysis are helpful in my decision making
Great insight on the market and your analysis are helpful in my decision making. Please continue sharing your inputs. thank you!!
very helpful
Your stock analyses are very helpful. Thanks a lot.
Very thankful!
Jaycee’s analysis is a big help to beginners like me. Gives tech guides, and illustrations for additional info. Best way to learn to trade (not Spoonfed) is thru his articles. Very thankful!
Your insights have been very helpful
Your insights have been very helpful to me as a newbie in stock market trading. Your analysis and technical guides give me the confidence to pursue my day to day trading an Investments. Thank you for taking your time in imparting your expertise. God bless us all.
has given me the confidence and knowledge to decide easier
In investing and trading the Stocks Signals has given me the confidence and knowledge to decide easier and doubtless. This is a great help. The Stock Signals team is the best. I’ll be staying as a Stock Signals subscriber until the last moment that I can trade and invest. Thank you!!! God bless!!!
Thank you is not enough kumpara sa mga natututunan ko
Thank you is not enough kumpara sa mga natututunan ko sa mga free newsletter. Dati wala talaga ko alam, puro hula lang. Pero mula ng magsubscribe ako, andaming “akala ko tama” na mali pala…maling attitude, habit, toward stock trading. Pinakagusto kong natutunan dito (at sinisikap kong talagang sundin) ay yung disiplina sa trading. Ngayon loss pa yung account ko (kakahula kasi) pero with the help of the newsletters alam ko na magiging iba na kasi data driven na ang pagdedesisyon ko.More power sa Stock Signals at sayo Sir. Sana di kayo magsawa sa pagbabahagi ng inyong kaalaman..PS. Sana magpublish na kayo sir ng book. Sa dami ng articles nyo, pwede na pang libro! ?
rich in information
Thank you for offering your newsletters for free to your subscribers! I like reading your newsletters because they are so rich in information. I’m very new to the stock market, but your articles have helped me get some ideas on how I should trade. Please keep it and thank you for sharing your knowledge with people like me.
- 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.