May. 15 at 1:11 AM
$WEN so fyi, there is short term pressure keeping this below 8.50 ,
But it looks like a lot more upward pressure exists below the stock ,, than downward pressure above it.
This structure favors the bulls.
That’s why this has a hard time dropping below 8, unless something changes , this is structured to go higher , not lower.
Imagine someone pressing a coiled spring against a wooden table .. Their hand will get tired before the table breaks , most likely.
Just my market interpretation , not investment advice
