DNKN about to explode
Hello,
What is DNKN?
Dunkin' Brands Group, Inc., together with its subsidiaries, franchises and licenses quick service restaurants in the United States and internationally. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds. Its restaurants serve hot and cold coffee, baked goods, and hard serve ice cream. The company franchises its restaurants under the Dunkin' and Baskin-Robbins brands. It also licenses Dunkin' brand products sold in retail outlets, such as retail packaged coffee, Dunkin' K-Cup pods, and ready-to-drink bottled iced coffee; and distributes Baskin-Robbins ice cream products to international markets for sale in Baskin-Robbins restaurants and other retail outlets. As of December 28, 2019, it had 13,137 Dunkin' restaurants and 8,160 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Massachusetts.
News
With U.S. stores reopening after the coronavirus-induced shutdowns, Dunkin' Brands Group, Inc. DNKN is ramping up preparations to make it a success. Notably, the company announced plans of hiring up to 25,000 new employees to meet the spike in demand upon reopening.
My Thoughts For You
Wait for the pullback and monitor the daily TF for direction and 4hr for entry. When you see that the retrace is over by monitoring the 4hr TF; looking for a reversal signal such as a hammer candle, bullish engulfing, etc along with a higher low that has established support, that is your entry with a stop placed just below the previous low.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
What is DNKN?
Dunkin' Brands Group, Inc., together with its subsidiaries, franchises and licenses quick service restaurants in the United States and internationally. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds. Its restaurants serve hot and cold coffee, baked goods, and hard serve ice cream. The company franchises its restaurants under the Dunkin' and Baskin-Robbins brands. It also licenses Dunkin' brand products sold in retail outlets, such as retail packaged coffee, Dunkin' K-Cup pods, and ready-to-drink bottled iced coffee; and distributes Baskin-Robbins ice cream products to international markets for sale in Baskin-Robbins restaurants and other retail outlets. As of December 28, 2019, it had 13,137 Dunkin' restaurants and 8,160 Baskin-Robbins restaurants. Dunkin' Brands Group, Inc. is headquartered in Canton, Massachusetts.
News
With U.S. stores reopening after the coronavirus-induced shutdowns, Dunkin' Brands Group, Inc. DNKN is ramping up preparations to make it a success. Notably, the company announced plans of hiring up to 25,000 new employees to meet the spike in demand upon reopening.
My Thoughts For You
Wait for the pullback and monitor the daily TF for direction and 4hr for entry. When you see that the retrace is over by monitoring the 4hr TF; looking for a reversal signal such as a hammer candle, bullish engulfing, etc along with a higher low that has established support, that is your entry with a stop placed just below the previous low.
Good Luck, Cheers!
Be sure to comment, follow, like, and check out my profile for more trade ideas!
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