Decent Risk vs. Reward Here - .50% Fib Retracement Completed

NASDAQ:WEN   Wendy's Company (The)
(Opinion Only)

Bottom found or nah?

Hovering right at it's 8day MA.
Trade active:
Today is the prime location to play a bounce. They'll squeeze shorts that are playing for the gap fill causing a squeeze is my guess.

It's the 23.6 Fib retracement
It's the .50 Fib retracement from an earlier low to recent high.
It's around the 8day MA
Cramer says it's going to $30 so Idk if you wanna press short here.

Trade active:
Let's see if buyers can break it out here.
Trade active:
Showing promise here.
Breaking out of a bull flag


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.