$DNUT Forms Bullish Ascending Triangle

jfsrevg
01-11

$Krispy Kreme, Inc.(DNUT)$ — A 6-month bullish ascending triangle pattern signaling a potential trend reversal.

Price has been tightening since Q3 earnings following a +119% beat. Q4 estimates point to +161% EPS growth, the strongest since $DNUT IPO in July 2021.

The company’s share float is under 90M shares, with roughly 28% short interest, creating a share structure that carries the ingredients for a potential short-squeeze rally if price action continues to tighten with weekly higher lows

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