DD price action analysis
DoubleDragon Properties Corp.
DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown.
*Major support around 36.
Trading Plan
- Avoid for now.
- Buy the breakout from downward price channel on good volume.
- For long term position, accumulate below 40, the lower the better.
DD's recent price action is now hovering the resistance line of its 9-month downward price channel. This resistance line looks strong so far as all breakout attempts were shutdown.
*Major support around 36.
Trading Plan
- Avoid for now.
- Buy the breakout from downward price channel on good volume.
- For long term position, accumulate below 40, the lower the better.
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