Notes on DNL Industries, DNL

DNL chart

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D&L Industries, Inc (DNL)

DNL Industries has been steadily building an uptrend channel for the past few weeks which started on 7th January. It has increased around 31% after its IPO last 14th Dec 2012. Foreign brokers, namely, CLSA, Deutsche, UBS and others have been buying up this stock. Why? Maybe foreigners know something about this stock that we don’t?

DNL Industries chart

I’ll post more info on DNL Industries on my next post…

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