Fast Food and Dining Stocks: Macro Fib SchematicsThese Fast Food Giants consist of McDonalds, Starbucks, YUM! Brands, Restaurant Brands Inc, Chipotle, Wendys, Darden Restaurants, Brinker International...
All Fibonacci Clusters are placed correctly. The 1 Month timeframe makes these charts realistic.
Wendys
WEN Looks ready to pumpWEN reached an interesting price zone, that is actually the level -27.5 based on the last leg up. On lower timeframe, we can see that WEN has broken out from major trendline and we can expect a pump at least till 0.000085. Otherwise, if the support at 0.00005 will not hold, we can expect a drop till next support zone at 0.0000215.
Can CMG recover from the post earnings drop?CMG had earnings today which were a beat but apparently less than expectations
of investors and traders. On the 15-minute chart, the indicators support a reversal
with a bounce on the dual time frame RS lines showing a bit of bullish divergence.
Decelerating bearish momentum on the MACD with lines converging under the histogram
suggests a reversal is impending. Further, the mass index indicator is in the reversal
zone but not yet triggering the signal with a drop below the zone. I will take a
long trade of CMG. They say trade what you know, My local CMG is always buzy and
a love either food. I believe that CMG is ready to give me a big rebate on my
patronage. I will take a call option expiring 8/18 striking $2100. I expect to realize
a large profit having done a similar trade on CMG more than once in the past. The expected
premium of $7300 will be about $700 of risk given a stop =loss but I expect a reward
of 4-6 times that if not more.
Wendy's Abstract IdeaMany up channels can be drawn on chart
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
The Flippening of Cash Cow BurgersHello all,
I do not advise you financially, I simply like to post charts that are interesting or requested by chat participants. This one comes to you from @InfiniteParadigm | Thank you for requesting, trader
Remember, your life, your trades. Trade on what YOU see, not what I see.
Backing out to weekly timeframe I draw a channel....simply drank carbonated water and walked around office and determined where to draw based on music playing on Spotify.
We are in bounce territory, ETHUSD should double top in week of 12/06/2021 - 12/13/2021. The double top I am referring to is the last high - we got a bit overextended.
ETH is the basis of a lot of the market! Remember to check your market dominance and watch exposure.
One will have to use their own tools to find entry here. There is a possibility of a sell of but ETH has been strong.
Some tools I used for this chart:
Angles : I took trend angle of the run up, form the top. It came out to 119 with the zoom that I had. This, plugged into TOP() * .19 (the variance of the move up and over extension | I took the 119 and dropped the 100).
4862.25 * .19
923.82
4862.25 - 923.82
3938.42 which is the bottom of this weeks sell off
I projected out and came up with price targets
4400 top() CAN be as small as 4200 - use your skills
Don't listen to me, I am retarded
tl;dr
sir, this is a wendy's
cash cows for burger king are typically slaughtered using nails and i have a hunch (due to supply line issues) they lost .002% in price recently, correlating with the .008 surprise on 11/10/2021 earnings for Wendy's, resulting in strength for the flippening.
McDonalds +20% Upside Trade?MCD's has consolidated nicely right along its recent all time high set months ago at $231.91 and is doing so off of consecutive higher highs and higher lows on significant time frames.
On the monthly, we also see that McDonalds is putting in a bullish engulfing candle. There are still a few weeks left in the month, but with the price already being in blue sky territory, and very little bearish momentum in sight, there does not appear to be anything in its price chart to hold it back from running all the way to its first fib extension at around $297.88 roughly, based on a retracement from its previous all time high in October 2020, down to the swing low in March 2020.
From the time of writing this that would be a 25% gain approximately.
Stop loss just below $231.91 and $221.29 would be wise (just incase it wicks). Be very cautious with a close below $221.29 as there is plenty of room to fall swiftly if volume/bids fail to come in.
$WEN to the moon or not?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.🚀🚀
Wendy's - Got back on Track! 👍-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%
Wendy - Burgers got reddit's recipe 💪-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 latest so-called meme stock that has captured the group’s interest. The growing list includes GameStop, AMC and Bed Bath & Beyond.
-“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday.
-Though the company has a “decent business model” and can take advantage of the economic reopening, its stock is trading at a notably high price-earnings multiple for just 3% sales growth, he said.
Wendy'sI 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 liabilities and debt showed. I did a quick research so please don't take me for fact.
Hopped in an option that expires March 19th. Pray for me....
Strike price: $21.77-$23.14
Like, Follow, Agree, Disagree!
What do you think?
I am a rebel to society....I will lose until I figure it out. The day I give up is the day I've truly lost!
Fast Food Stocks: Wendy'sWendy's Tradiing Plan.
Wendy's is an American international fast food restaurant chain.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
YUM BRANDS BUYING WENDY'S..? SEE ARTICLE..GREAT FIT!Hello folks..
This morning we were sent an article from a Wall Street friend dated December 27, 2019, approx. 4 weeks ago.
Here's the link...
www.restaurantbusinessonline.com
Wendy's is in an uptrend moving into earnings.
YUM Brands, with a market cap of over $30 Billion, could buy Wendy's without hesitation.
Keep a close eye on Wendy's because YUM buying Wendy's we feel would be a great fit.
Best of luck with your trades!
BULLISH INDICATORS - CHICKEN SANDWICH WAR! - TRADING TIPHere's another tip for the board. FYI... Barrick Gold (GOLD) looks like it's working out since our last tip.
Wendy's just popped up on our daily scan for Bullish PMO stocks
From the looks of the daily chart, the PMO is rising and almost ready to cross to the upside - BULLISH
ICHIMOKU is also BULLISH
Wendy's is having a chicken sandwich war with several other fast food companies.
We all know Wendy's has a fabulous chicken sandwich.
The last 52-Week high was around September 6, 2019 @ around $22.84
A pop through $22.84 could send the stock to $25.00 very quickly
WE DID NOT TAKE A POSITION IN WENDY'S. LET'S SEE HOW IT PLAYS OUT
Best of luck with all your trades!