The Responsible Trader

STOCK CHARTS AND ANALYSIS – DD

In accordance with our Independence Day commitment, following is our Technical Analysis of DD (DOUBLE DRAGON PROPERTIES, CORP.)  as of July 29, 2015.

This is the second of our THREE for FREE for this week.

TA – The Responsible Trader’s Way – No Hyping, No Bashing, Just Plain Cold Facts.

Positive
1.   Breakout from Rounding Bottom.   After a long consolidation from a Rounding Bottom Chart Pattern, DD has finally broken out giving a Pattern Target of P14.72.

2.   Price action above 15 EMA, 20 SMA – Bullish – Short Term.  Recent Price action that is now way above 15 EMA and 20 SMA shows that the stock is Bullish on the Short Term.

3.   Price action above 50 SMA – Bullish – Medium Term. Recent Price action that is also way above 50 SMA shows that the stock is also Bullish on The Medium Term.

4.   Price action above 200 SMA – Bullish – Long Term. Recent price action above 200 SMA confirms that the stock is now in Bull territory.

 
Negative.

1.   Volume Bearish Divergence. Although the stock has risen very fast after the breakout, the volume does not seem to support this as shown by the falling volume.  This could suggest a possible pullback before it continues to attempt to reach its Pattern Target.

NOTES:

1.   Positive points are things that could work in your favor. Negative points are things that you have to watch out for.

2.   On the opposite side of Pattern Targets are Pattern Failures. In case you decide to take this trade, always remember to set a stop loss based on your established risk tolerance level.

 
The Chart and Analysis is presented for educational purposes only and should NEVER BE TAKEN as a RECOMMENDATION to BUY, HOLD, or SELL.

 
Please trade with CAUTION, please trade with CARE. As always, IT’S YOUR TAKE, IT’S YOUR CALL. IT’S YOUR MONEY AFTER ALL.

Good luck on all your trades.