DNKN Stock Trading Journal for Monster Breakout Trade

DNKN Stock Trading Journal

This DNKN stock trading journal is a review of a Long Swing Trading Breakout on $DNKN. Before markets opened, on 22 February 2019, we posted a video for a potential Long Swing Trade for $DNKN. The original Signals Video can be viewed  >>>HERE<<<   . The Signal came from our BlackBox Breakout Indicator for the Dunkin Brands Group Stock on the Daily time-frame.

In the original chart screenshot below we can see that the DNKN Stock had broken above the centre line of the strong Bullish Channel. The Stock price had also cleared some important linear resistance levels over the previous 4 trading day. On the 21 February 2019 we had a Long Signal on the Daily time-frame for DNKN, so we shared our stock trade Idea as part of our Free Daily Stocks signals video service. After the Markets opened on 22 February, the $DNKN Stock had a breakout move up through the final linear support zone and our entry price.  Therefore we were well and truly into this Long Swing trade.  Check below this original Chart for trade management updates.

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DNKN Stock Trading Journal, What Happened next!

After breakout out into our trade, the DNKN Stock price retraced to find support at a previous support and resistance level. A rejection of the lows on 27 February followed by a large bullish day on the 28th February was encouraging for this trade. We can also see on the chart below how effective our W5T EMA cloud is at holding as non-linear support at this point and many others during the bullish trade.  The beginning of March witnessed further upward movement to form new highs for this trade. Then another pullback to test our cloud and the previous support level on the 8th of March.  Our W5T EMA Cloud, part of our BlackBox Breakout Indicator, then held as non-linear support for the next 11 trading days. Then finally increased Bullish volume took the DNKN stock price to our target price of $75.81 and we took 160% profit x Risk.

This is a prime example of the patience required when Swing Trading Stocks off the Daily time-frame.  The Grey candles in the chart below or U candles but with lower volume.  the Green Candles show increased Accumulation, Bullish, Volume each day. Therefore the 4 Days of Green candles from the 25th March had increased volume each and every day, driving the price higher. Look below this chart to find out what is happening now!

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What’s Happening Now!

We now see a profit taking pull back on the DNKN stock.  This is forming a Wave 4 on our Elliott wave Indicator Suite and potential setting for another long trade in the near future.

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