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DNKN Exhibits Excellent Near-Term Relative Strength and Appears Poised for Upside Acceleration

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The MPTrader Model Portfolio entered a long position at 41.57 on Oct 27. Since then, Dunkin' Brands Group, Inc. (DNKN) has carved out a base-like accumulation pattern that is pushing prices up against key resistance along the July-Dec resistance line, now at 43.30. If 43.30 is hurdled and sustained, DNKN should continue higher, into its unfilled gap area starting at 45.00.

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