Who makes the best donuts on Earth? Don’t you dare say Dunkin’. Krispy Kreme is king, and I won’t hear anything to the contrary.
Regardless of who makes your favorite cream-filled pastry, take a look at the weekly chart of DNUT above.
This setup is fairly straight forward. The stock has not been able to breach the $16 level despite several attempts over the last six months. A close above $16, especially on above average volume, would be my trigger to buy.
DNUT is beginning a new Stage 2 uptrend here, and buying the first breakout of the second stage can often lead to a multi-month run. As a longer-term trade, I would consider risking up to 15% on it.
If it plays out as expected, DNUT should make new all-time highs.
Regardless of who makes your favorite cream-filled pastry, take a look at the weekly chart of DNUT above.
This setup is fairly straight forward. The stock has not been able to breach the $16 level despite several attempts over the last six months. A close above $16, especially on above average volume, would be my trigger to buy.
DNUT is beginning a new Stage 2 uptrend here, and buying the first breakout of the second stage can often lead to a multi-month run. As a longer-term trade, I would consider risking up to 15% on it.
If it plays out as expected, DNUT should make new all-time highs.