DNUT shares are building a large ascending triangle and just had positive earnings after a slew of misses.The shares are consolidating after touching resistance, but the uptrend appears in tact.
I've set an alert on the lower upward trend line. If the price get back there I may pick up some shares.
Looks like it could be setup to pump decently into the back half of next year.
Note
DNUT trying to breakout!Note
DNUT appears to be consolidating with a floor around the $4 area. Chart updated here. You can see a sharp reversal off good news on a divestiture this morning.Logically I'd expect it to consolidate all the way to the point of the ascending triangle for a lasting breakout around March, but nothing says it can't push through sooner, just look at the last post ;)
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Follow me on X for all my thoughts on the markets!
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Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
x.com/quickshiftinn
Signup with my Robinhood link and we'll both pick our own gift stock 🎁
bit.ly/4cm60iA
Use my link to get a Tradingview deal!
bit.ly/46wEqLE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.