WEN - They Actually Pulled It Off Wendy's CompanyBATS:WENVIAQUANTLooks like the memes did it. A lot of institutions are going to be very surprised with what happens next. But the market makers were successful in painting the chart exactly the way they needed to in order to set up significant price appreciation from this point. For additional context review my last post from a week ago when this all started: What I Said The main thing I want to reiterate from that post is this: "The 3-month 200 MA (red) is being defended at current levels. But where this becomes even more significant is on the 6-month chart, where market participants are attempting to hold the 6-month candle body above the critical 100 MA (blue). There are still six days before the monthly close, but the structure is notable. If price closes the 6-month candle at the end of June around $8.30, it would represent a 6-month doji that would almost certainly mark the bottom before a reversal to the upside begins. It is particularly interesting that all of this is occurring approximately one week before these critical quarterly and 6-month candles close, and at exactly the levels that matter most." What Actually Happened This is exactly what played out. I was pointing out to watch for a 6-month close at $8.30 and the candle closed at $8.29, just one penny below the level, and above the 100 MA, giving the perfect structural setup for a much larger move higher and confirming the low has been established. There is also a hidden bullish divergence on the 6-month timeframe. A lower low on the RSI while at the same time printing a higher low in price. Of course this remains very speculative, but what has happened versus what I was predicting from a structural perspective are very much in alignment.