Burgerking
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!
Beyond Meat - BEAR trend into massive gapTechnical analysis
First earnings report (June 7th, 2019), which made BYND go up around 35%+ and create a big gap.
This gap is starting to get filled on a downtrend.
RSI(10) @27 - Remember oversold can continue to be oversold for a long time.
-------
Fundamental
Impossible Foods, a direct competitor of Beyond Meat. Is selling burger to Burger King.
Impossible Foods really resembles meat. Beyond meat is just a semi-decent veggie burger (in my opinion).
$BYND- It tastes good, but a short will taste WAY betterElliot wave seems to have been completed, and we've seen this stock get a lot of media attention recently.
I personally think Beyond Meat has been way too hyped up recently, and the company will likely do very well,
but the stock price needs a decent correction.
I will be targetting the .5-.618 fib as a zone to close my short, I may also be going long in this zone
depending on how the stock market looks in general.
In light of all of this I still think that impossible burgers taste great, my fat ass ate two of them
from Burger King last night.