• Consolidation Break to Carry DD to Php10.00?

    Consolidation Break to Carry DD to Php10.00?

    DoubleDragon Properties Corporation (DD) has scored another massive single day run with a gain of 11.80% last March 26, 2015. Trading was also heavy with a value turnover of worth Php150 million. In any case, one can observe that the stock has just broken out from a 10-month consolidation. Given this break and its ability to close on its high suggest that DD will likely move even higher in the very near term. Moreover, it is important to note that DD has also left an unserved demand of about 1.90 million shares at its closing of Php9.00 on the day of its break. This tells us that the interest on the stock will likely spill over in the next succeeding days. This may then lead DD to rise and perhaps revisit its next notable resistance at Php10.00 to Php10.96 in the next couple of weeks.


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