DNKN Exhibits a Potentially-Powerful Intermediate-Term Chart Pattern
We can make the case that all of the action in Dunkin' Brands Group, Inc. (DNKN) since April 2014 has carved out a massive accumulation/base formation that is putting increasing pressure on key resistance lodged between 48.00 and 49.00.
If hurdled and sustained, this should trigger upside continuation to a new high at 54.00, and possibly to 57.00-59.00 thereafter.
Against a backdrop of a mature, potentially-powerful base pattern, I am thinking that the technical set-up is indicating a positive reaction to earnings on April 20.
Time to get long DNKN.