As the markets take a beating, we might take this chance to look for dips in bullish stocks. Wendy's $WEN is probably one of those stocks with a prevailing uptrend since 2013, that still looks healthy. Wendy's Daily Chart (click to enlarge) Bullish Breakout:- Wendy's price action has been choppy since 2017, but is still bullish.- It is looking more bullish in 2018 after the late 2017 bullish breakout of a half-year bearish consolidation channel.- However, price got stuck under $17.70, that is until June.- But after the recent bullish breakout, we had the 6/25 session, which dragged most stocks down. - However, Wendy's uptrend is still intact. Where to Look for Support?- I would start looking for support after price gets back into the previous consolidation under $17.70.- For example, the $16.50-$17 area could be a support zone, especially if the RSI is back around 40. - I Think there is upside to at least $20 and possibly the 2007 high around $22. - With this upside, let's say we have a buy around $16.70. Let's say our stop is $15.70. The target of $20 provides a potential reward to risk of around 3:1. - not bad.Note: The weekly chart below reinforces the bullish picture with price in a strong bullish breakout of the $17.70 resistance. It was strong because the weekly candle at the start of June was a bullish engulfer that covered a couple month's of bearish price action. This is a strong bullish continuation signal. Wendy's Weekly Chart (click to enlarge)