Company: DoubleDragon Properties Corp.
Support: 15.76 / 15.49
After gapping up past DD’s short- and long-term MAs last Monday, profit-taking ensued. This dragged the stock towards its immediate support level of 15.76 and back below its 260-d moving average of 16.39.
While the indicators are still uniformly showing bullishness, the momentum started to taper. The RSI currently has a steep downward bias. The gap between the +DI and -DI narrowed, but the bullish momentum is still relatively strong. The MACD is likewise showing strong buy signs but its histograms have started decreasing.
Meanwhile, the 50-d and 100-d MAs are showing signs of a possible golden cross moving forward.
Buy when support holds.