Thursday, July 16, 2015

DNL: Consolidation Mode

D&L Industries, Inc.

DNL continue to consolidate in a Symmetrical Triangle pattern, a neutral pattern.
A breakout from this pattern around the 2/3 area of the triangle will have a measured target of over 24.

Immediate resistance area at 21~21.6.
Immediate support around 20.
Major support remains at 18.

*RSI at overbought

Trading Plan
- Hold current position for potential breakout scenario.
- Buy on breakout with strong volume.
- Avoid on pattern breakdown.


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