I'm using Fibonacci extension to estimate a possible move on/after its earning: $30 - $35?
Its full stochastic oscillator displays a Bollinger Band squeeze into the earning.
My own opinion.
The chart shows 100%+ increases after the previous all time high is broken. We could expect to see Wendys hit a very possible $45ish with other possible areas marked on the fibs. Possible peaks can happen during Q3-Q4. Wendys is expanding in the US and also Asia. Also their salad is great. I like this stock.🚀🚀
-After surging a good amount due to Reddit's flow last week, Wendy's is getting back on its normal track.
-Current price level is perceived as a safe level in our opinion.
-Due to the recent high surge, the stock may also fall to S1 support level to cool-down
-Possible Long-term return in percentage: 40%
-Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest
-Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence.
-It’s the...
I'll make this as short as possible. In a nutshell, I was guided to WEN last Friday through my dowsing. I've never looked at it before and thought it was crap (Wendy's really?), until I happened to review my journal today and check on WEN and see it up 22%+. It's heading to test the HOD atm (28.66).
A little while ago today I had kind of an energy download (?) and...
Description: WEN is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $22.7 - $23.4
2. Take profit: $25.23
3. Stop Loss: $22.12
4. Risk To Reward: 1 / 4
5. Accuracy Rating: 77%
First target: $23
~2.6% profit.
Second target: $25
~9.8% profit.
That sees how far it will go after we reach the first target.
For self-education use only. Not financial advice.
I was hungry, so I started thinking about the best breakfasts. I'm letting my stomach guide me to the heavens. It's getting warmer. Wendy's normally has nice promos. What's better than a nice frostie with the fry dip? lol. Free cashflow slowly improving. Liabilities and debt slowly decreasing. Assets shrunk but not as much difference compared to the difference the...
RSI divergence has indicated that the lower highs of this week compared to the higher highs of last week signifies that earnings has inflated the prices. sell off incoming and a good short opportunity for a point and a half could be coming up. look for 22.88 break
The Wendy’s Co. engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals. The company was founded by R. David Thomas on November 15, 1969 and is headquartered in Dublin, OH.
NASDAQ
