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
BOOMPerfect 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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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
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.