Post #11: D&L Industries

$DNL

chart by www.bigcharts.com

The weekly chart of $DNL shows a perfect cup and handle formation. A breakout on this level, accompanied with good volume will trigger a buy for me.

This stock along with $STI will be my focus for now. The rest will stay at the watchlist.

$STI

chart by www.bigcharts.com

Moved my trailing stop on $STI at P1.00. I conclude that breakout is confirmed and P1.00 will be the new immediate support.

From hereon, I will do nothing but watch my stop and look for opportunity to add more position in case the trend continues to point upward.