Wendy's $WEN will report earnings on 2/21. Price action reflects an expectation to beat average estimates. What to Expect From Wendy's Company (WEN) in Q4 Earnings?WEN Daily Chart(click to enlarge)Bullish Breakout Confirmation:- The daily chart shows that price was in a consolidation/correction channel in the second half of 2017. - Towards the end of the year, price action started to rally sharply, and eventually broke above the channel resistance.- This was a bullish continuation breakout, but price retreated after breaking $17.50.- Price retreated along with the overall stock market, but found support around $15.00, respecting the previously broken channel resistance as support.- $14.74-$15.00 was also a common support area. - Price action has been bullish since tagging this support area, confirming the bullish continuation scenario.- If price can hold above $16.00 this week, there is a good chance that WEN can rally back towards $17.50, with upside towards $18.00 in the short-term. $20 is also a viable target in 2018, with the bullish outlook capped at the 2007 high of $22.10.