Friday, June 10, 2016

chart monitor: DD/DOUBLE DRAGON PROPERTIES CORPORATION (10 JUN 2016)


dd chart as of 10 june 2016 
(click on the chart to enlarge)

remarks: 

1. dd closed at 67.75 ...

2. resistance: 80.00 ...

3. support. 64.00 ...

4. short term trend followers will have taken profits already yesterday as dd reached 80 and went down to close at 70.00 having hit their stops at the 76 - 80 levels ....  

5. the macd histogram is still rising so the decline may be short lived ... possible buy bak by short term trend followers ...


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STOCK TRADING IS A VERY SPECULATIVE ACTIVITY ... IT IS NOT SAFE FOR NEWBIES AND OLDIES ALIKE ... LOSING YOUR MONEY IS A REAL POSSIBILITY AT ALL TIMES!



p.s. readers are encouraged to check out the stocks' charts themselves .. using the values for each of the indicators (the values for the indicators are the default values used in citiseconline.com's charts) ... in the absence of any personal charting program, the pse website's charts are enough for the purpose