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DNKN woke up and looks ready for move higher
Dunkin' Brands was hot company during 2013 as it came from low $30s to mid $50.
In 2014 it started year on very strong nte but was sold off after dissapointing earnings.
Looks like it found some support and have built base with support at $44 and yesterday it borke up consolidation resistance at $45 with ignited, bull candle. With this candle it broke down channel and it may attract more attention and buying.
It should hold 1/3 to 1/2 of this recent move to prove that buyers are in control.
$45.00-$45.50 could be buyable zone. Break above $46.11 could lead to higher prices.
In 2014 it started year on very strong nte but was sold off after dissapointing earnings.
Looks like it found some support and have built base with support at $44 and yesterday it borke up consolidation resistance at $45 with ignited, bull candle. With this candle it broke down channel and it may attract more attention and buying.
It should hold 1/3 to 1/2 of this recent move to prove that buyers are in control.
$45.00-$45.50 could be buyable zone. Break above $46.11 could lead to higher prices.
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