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07-24

$Krispy Kreme, Inc.(DNUT)$ $Kohl's(KSS)$ $Opendoor Technologies Inc(OPEN)$ 🍩📈🔥 I believe $DNUT is emerging as the meme stock of the moment, with more than just sugar fueling this rally 🔥📈🍩

I’m extremely confident Krispy Kreme ($DNUT) is undergoing a structural momentum shift that’s catching the market off guard. This isn’t just a retail bounce or a one-day wonder; it’s a technically sound setup backed by record-breaking options flow, high short interest, and meme-driven acceleration. When speculative fervor meets legitimate market signals, the results can be explosive.

The fireworks didn’t happen during regular hours. It was after the close on Wednesday that $DNUT erupted, spiking more than 60% in after-hours trading to reach a high of $5.97. That sudden move rocketed the stock straight into the 2.0 standard deviation barrier and a long-standing weekly resistance zone between $5.74 and $6.22. The reaction? A sharp rejection right on cue, followed by a controlled pullback into key demand.

Right now, price is sitting at $4.60, and I picked up 10 shares at $4.56, not as a size bet, but a symbolic signal. I’m acknowledging that we’ve entered what I see as a discount zone, bracketed between $4.56 and $4.18, with deeper support down to $3.67. I’m watching the gap fill at $4.18 as a make-or-break level that could determine the tempo of the next leg.

I’m convinced this isn’t just about price; it’s about positioning. $DNUT is now ranked among the Top 3 most discussed stocks on WallStreetBets and Stocktwits. Mentions exploded +45,000% in 24 hours, sentiment sits at 67% bullish, and Reddit is saturated with YOLO trades, call spreads, and meme fuel. This is the same speculative ignition we saw in $OPEN, $KSS, and $BBBY before their respective gamma legs took off.

Options activity validates the narrative: 100,000+ calls traded Wednesday, 71x the four-year average. That’s not random; it’s the kind of flow that precedes dislocations. I’m seeing leveraged intent behind this order flow, and in a low-float, $763M market cap setup like this, that kind of activity rewrites price structure.

Technically, the structure holds up. Weekly MACD just turned bullish for the first time since 2022, RSI is resetting just above 50, and momentum is consolidating rather than collapsing. I’m targeting a reclaim of $4.95; above that, $6.20 and $7.28 come into play. I’m even open to the idea that a full round-trip to the $12.68 IPO high could unfold if retail momentum sustains into August.

I’m not ignoring the fundamentals, they’re weak, and that’s the point. With 0.48x P/S, 0.69x P/B, and negative EPS, this isn’t about valuation compression; it’s about meme expansion. Bloomberg nailed it: “There was no significant news to justify the rally, just sheer retail momentum.” That’s precisely the DNA of meme cycles, and $DNUT fits it perfectly.

I’m not in this for a fundamental rerating. I’m here for the crowd psychology, the technical tailwinds, and the option-fueled volatility that defines these setups. If $4.18 holds, I’ll add with size on a reclaim and use the lower support band to define risk. If it breaks, I’ll let it base and re-evaluate.

This isn’t just a bounce; it’s the start of a structural repricing.

Are you playing this one tactically, or letting the donuts roll without you?

📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀

Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀

@Tiger_comments @TigerStars @TigerClub @TigerPicks @TigerWire @Daily_Discussion 

Meme Stocks Changing Fast: OPEN Fades, Look at GoPro and Krispy?
Meme Stock Frenzy Sees Rapid Rotation: GoPro and Krispy Kreme Soar Overnight, While Kohl’s and Opendoor Plunge. Opendoor fell 20% on Wednesday. However, new meme stocks are catching up. Will you trade meme stocks? Look at most shorted stocks or not?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • madcat
    07-24
    madcat
    Is it a similar set up to Opendoor?  I read your other post about it possibly being on a gamma squeeze.  Is it still happening?
  • Queengirlypops
    07-24
    Queengirlypops
    i literally crave those hot originals from the manukau superstore on the weekly 😮‍💨🍩 but this chart might be even better ngl. that rejection at 2.0 SD then holding above the gap? cleanest price action we’ve seen all week. if it flips $4.95 again, don’t be the last one at the register 🍩🧃
  • Cool Cat Winston
    07-24
    Cool Cat Winston
    Now, I’m hungry for a doughnut 🍩 love Krispy Kreme 😻
  • Hen Solo
    07-24
    Hen Solo
    I am rather partial to the custard filled doughnuts. I’m excited to see that the stock seems to be doing well.
  • Tui Jude
    07-24
    Tui Jude
    Who doesn’t love a great doughnut? Krispy Kreme‘s are particularly lovely.
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