Posted On: 11/10/2013 11:50:42 PM
Post# of 2561
WEN Daily Chart ~ A Big Gap to Fill
Here's another one I missed due to not being around during the trading hours on Thursday and Friday. I will be re-entering WEN tomorrow although at a higher price than had I been around. The drop on WEN happened after their financials came out. But as a few of us talked about on Tuesday evening, the candle on Tuesday was outside the upper bollie and our sell fingers were ready on Wednesday. That proved to be a calculated guestimate and this time it was a great move. Had I been around Thursday, I would have re-entered as three friends did at the $8.00 support line. They got lucky, while I'm chasing at .30-.40 higher than they got. Should the gap fill at approx $9.15, it would still be a 10%+ move on a big board company that I like. Should all go well, we'll be swinging WEN up over $10.00 but flipping along the way.
Here's another one I missed due to not being around during the trading hours on Thursday and Friday. I will be re-entering WEN tomorrow although at a higher price than had I been around. The drop on WEN happened after their financials came out. But as a few of us talked about on Tuesday evening, the candle on Tuesday was outside the upper bollie and our sell fingers were ready on Wednesday. That proved to be a calculated guestimate and this time it was a great move. Had I been around Thursday, I would have re-entered as three friends did at the $8.00 support line. They got lucky, while I'm chasing at .30-.40 higher than they got. Should the gap fill at approx $9.15, it would still be a 10%+ move on a big board company that I like. Should all go well, we'll be swinging WEN up over $10.00 but flipping along the way.
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