Yep, WEN usually bounces at regular support pretty hard but then volume trails off after moving through the beloved $5 level. I did not see any recent news regarding Wendys so I have no clue why the last few days saw such heavy selling, must have been technical.
Well I for one actually seldom trade in and out of equities, I usually accumulate and hold for a long long time then slowly fade. I have not traded much in and out of WEN, I do my technical intraday trading on Forex.
Yea, WEN should see a small bounce tomorrow but probably will not last OR will see some early pressure then rally to $4.85. Just my opinions.
cheers
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