WEN heads eyes on $17.26 for KEY support and maybe Bottom Marker
Updated
WEN has been dropping for some time now.
No idea why this dumping while MCD flying.
But this looks like a good spot to try buying.
$ 17.0-8 - 17.26 is the key support to hold.
$ 18.10 will be the immeiate hurdle to cross.
$ 19.75 wil be a major resistance and target.
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No idea why this dumping while MCD flying.
But this looks like a good spot to try buying.
$ 17.0-8 - 17.26 is the key support to hold.
$ 18.10 will be the immeiate hurdle to cross.
$ 19.75 wil be a major resistance and target.
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Trade active
We have IGNITION !!
Nice launch off our support zone.
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Zoom IN (m5)
Beautiful launch from top bound of support.
Popped past our first target/hurdle at $18.10.
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Adding a fib to the bounce:
First guess for target is 4.236 at $18.73.
But that requires flipping $18.10 into support.
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Trade active
First Target HIT
$18.73 on the NOSE. Take some profits. Trail Stop on rest.
See if we get a pullback for possible Re-buy.
Lets just say BOOM, and go get me a burger :)
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Trade closed: target reached
PING
Major Target hit, and EXACTLY Iof course).
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Zoom IN (m15) and adding our local fib again:
We have a SERIOUS resistance now.
Local golden fib reinforcing existing double fibs.
Scalpers and Swing traders should close most here.
Holders may sell some and look to buy back lower.
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Trade active
BOOM
Perfect Break-and-Retest of our resistance zone.
We are hung up on local fib and psuch val $20.00
Lets see if we get a pullback or break 20 round.
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