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PSE Stock: DOUBLE DRAGON PROPERTIES (DD)

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pmtmember

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on: May 07, 2014, 11:18 PM
DD registered a new high today making the previous high our newly found support which is the 4.62 per share. Although we don't have the complete elements for Ichimoku system, our Tenkan Sen and Kijun Sen lines are in a bullish setup with the former moving above the latter. Virtually we don't have resistance for now. Buying near the support line would be a good idea and while watching for a bearish candlestick formation. If there is none, DD will continue to create new highs.

Caveat!

DOUBLEDRAGON PROPERTIES CORP
« Last Edit: May 28, 2014, 12:08 PM by FutureGizmo »


rtiangco

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Reply #1 on: May 09, 2014, 11:34 PM
DD registered another high today! Ang tindi!


vicces

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Reply #2 on: May 10, 2014, 09:04 AM
kaya pala ang sarap ng ngiti ng mga ito, triple your money na sila... #wolfmoves


note: 2nd guy from left is former supreme court chief justice artemio panganiban... sya pala ang tumatayong adviser to the board ng DD = all (legal) bases, covered.  why didnt I think of that, sabi ng CAL.... :cool2:

« Last Edit: May 10, 2014, 09:14 AM by vicces »


bruklitanggala

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Reply #3 on: May 11, 2014, 12:30 PM
gained a lot from DD last friday! .... sana mag tuloy tuloy pa, para hayahay ang buhay!  :watchuthink:


pmtmember

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Reply #4 on: May 15, 2014, 07:18 PM
DD registered another high today. Our only resistance is the intraday high of 9.75 per share while current support is at 8.02 per share or 23.6% Fibonacci Retracement level. This support may not be a strong one compared to the next support at 38.2% Fibonacci Retracement level. Based on candlestick, we don't see any bearish signal yet so there is a tendency it will continue to go up. With the stock now trading with RSI at 99, the risk is getting higher and higher.

Caveat!

DD still going up. No bearish candlestick seen yet




Langerhans

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Reply #5 on: May 18, 2014, 08:36 PM
Last Fri, DD closed at -4.xx lower. Let us see what will happen next week.


pmtmember

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Reply #6 on: May 26, 2014, 10:36 PM
DD is showing a bearish signal today via the Gravestone Doji. According to investopedia, "Gravestone Doji is a type of candlestick pattern that is formed when the opening and closing price of the underlying asset are equal and occur at the low of the day. The long upper shadow suggests that the day's buying buying pressure was countered by the sellers and that the forces of supply and demand are nearing a balance. This pattern is commonly used to suggest that the direction of the trend maybe be nearing a major turning point."

But this needs to be confirmed tomorrow via a gap down or a long red candlestick. Absence of such means DD will continue to move up. Ichimoku elements are still in a bullish setup but in case we will see a correction, our support after 10 per share is 8.94 or the 23.6% Fibonacci Retracement level.

Caveat!

Gravestone Doji on DD



pmtmember

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Reply #7 on: Jun 01, 2014, 06:10 PM
The last two candlesticks on DD's weekly chart is showing a bearish sentiment via the Dark Cloud Cover. The last candlestick is telling us that the bulls power is diminishing and a possible correction is incoming. The confirmation level is defined as the last close. Prices should cross below this level for confirmation.

Since we don't have a complete Ichimoku elements for the weekly chart, by looking at the daily chart, there is a threat to the 7.55 level where the Kijun Sen line is moving horizontally. If price will break the 23.6% Fibonacci Retracement level then we might see move closer to Kijun Sen line. Right now our strong support is the 23.6% Fibonacci Retracement level

Caveat!

Dark Cloud Cover on weekly chart


pmtmember

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Reply #8 on: Jun 06, 2014, 12:31 AM
While we are seeing a sideways with trading range of 8.94 - 10.96 per share, it seems that DD is developing a Descending Triangle. As what stockcharts.com says "The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Regardless of where they form, descending triangles are bearish patterns that indicate distribution."

If in case the support will not hold then DD will move down and find the next support near 7.69 but if price will break from the resistance slope then we will see DD hitting another new all time high. On our weekly chart, it is waiting for DD to confirm the Dark Cloud Cover

RSI or Relative Strength Index is at 61

Caveat!

Small Descending Triangle for DD?



chartism

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Reply #9 on: Aug 21, 2014, 10:23 AM


marco0212

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Reply #10 on: Aug 26, 2014, 06:09 PM
Ano po balita kay DD.

Guys ask ko lang po gang magkano po kaya kayang itaas ni DD?


bauer

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Reply #11 on: Aug 27, 2014, 09:35 AM
^ Kung si DD pinili mo for your school homework and you require a 3 years data, your mistaken.  Go look for other good property companies.


pmtmember

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Reply #12 on: Sep 22, 2014, 11:11 PM
DD went up by 5.6% to close at 8.13 per share today. Is this the start of DD's ascend after consolidating for few month?

Caveat!

Will the gap be closed this week?




poorguy

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Reply #13 on: Sep 23, 2014, 09:11 AM
pmtmember...are u and istorymaker = 1? :hihi:
thanks sa chart updates  :cool2:


yosuphasani

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Reply #14 on: Oct 05, 2014, 05:22 AM
Is it still consolidation time? or there will be a high break ?


 


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