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.
well-researched
I have been investing in the stock market for a few years now. I also enrolled in TRC when I started. Actually, it was thru their blogs that I was encouraged to invest thanks to them. However, I’m bored with long-term investment. I suppose I’m more of a risk taker when it comes to investment. I have a few investments mutual funds UITF gov’t bonds but honestly, I’m not really a well-learned investor I just have guts maybe and so far I don’t have any losses especially that the market has bounced back. It is in this regard that I’ve been reading your blogs to keep me more informed. I’m looking for somebody to guide me in my next stocks picks this time as a trader. I found your blogs very well researched and I’m really hoping you’re the one. I’ve quit TRC a few months back. Just a few more days and I will join you. Thanks for the emails. God bless
I always read you blog Jaycee because it's very informative.
I always read you blog Jaycee because it’s very informative.
Thumbs up for the information provided.
Thumbs up for the information provided. Must read for those interested in learning and gaining from the equities.
I love your newsletter it gives so much help.
I love your newsletter it gives so much help for a newbie like me in the stock market. Thank you so much and God bless u more!
Jaycee De Guzman's blog is one if not the most informative.
I am only starting to invest for the last two years. There are many blogs like this that I perused. However, Jaycee De Guzman’s blog is, if not the most, informative. I do not understand all of it but I try to. I want to keep on reading this. Thank you for all the assistance.
Your emails are very informative.
Your emails are very informative. Thank you for giving it to us for FREE!
All information provided are very interesting and helpful...
All information provided are very interesting and helpful…
Information provided by Jaycee was awesome!
Information provided by Jaycee was awesome!
point of view that could help you decide how to play your stocks.
Newsletters from Jaycee will definitely give you an insight on how the market moves every day and will show you a different point of view that could help you decide how to play your stocks.
The newsletters are very helpful
The newsletters are very helpful on evaluating the market and which stocks may be worth my attention. Keep up the great work. Thank you.
- 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.