Here is our updated view on DD.
DD dropped by -1.88% last week. It had a big drop last Tuesday but recovered well last Thursday. It dropped by -4.72% last Tuesday but went up by +4.40% last Thursday.
On a weekly timeframe, DD’s price formed a hammer candlestick.
DD is still on an uptrend after the price drop and recovery. It formed a higher low.
Here is what we suggest for DD for next week.
If the price will continue rising, just hold.
However, if DD’s price will drop, add more in tranches during the dip.
We suggest buying in tranches all the way down to P8.50 (for aggressive traders) or all the way down to P7.50 (for conservative traders).
Please be mindful that DD is one of our median term picks. The target is to sell next year so right now, there is no need to rush. The objective right now is to get as much volume as you can.