Technicals Talk: DoubleDragon Corp. (DD) – 10 Mar 2026 by Regina Capital Development Corp.
DD is on its third consecutive day of gains, climbing back above its 9-MA.
DD is on its third consecutive day of gains, climbing back above its 9-MA.
Market participants may get feelers for possible rebound, given Pres. Trump’s latest word that the conflict in Iran could end sooner.
The PSEi plunged by 4.40% w/w to 6,320.41 (-290.83 pts), below 20-day and 50-day moving average, while MACD has also crossed below the signal line indicating a bearing momentum.
Profit-taking may continue, as market participants assess fiscal guidance on near-, medium- & long-term contingencies to address volatile crude oil prices.
BDO edged up (+2.70), closing higher at 129.50, although still within the realms of its downtrend.
The index closed at 6380.53, up by 1.15%, rebounding as it remains within the short-term pullback.
Expect volatility, with WTI crude advancing above $80/barrel.
Volatility may continue, as market participants size-up fiscal preparations from the US/Israel-Iran conflict.
PLUS continues its uptrend as the price tests the 100MA, closing at 18.18, up 10.66%.
ICT closed +4.26% higher, resuming the textbook uptrend structure forming higher highs and higher lows, holding well above moving averages.
MER plunged -2.40% down after trading sideways the past trading days yet stays above key moving averages.
The index edged up +0.29% higher after retracing into previous breakout levels, hovering above key moving averages.
Another range-bound session is seen, as market participants debate on the extent of the ongoing conflict in US/Israel-Iran.
BPI closed at 118.50, lower by 0.42% as it consolidates below 200MA.
MBT closed -1.41% lower, retracing after the rally, continuing to trade well-above key moving averages.
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