Wendy's $WEN has been bullish in 2019, but found resistance at $20.00 since June. After another failed attempt in early July, price has since been sliding.WEN Daily Chart(click to enlarge)Support:- After the almost month-long pullback, WEN is now testing a key support/resistance pivot at $18.20.- We also see the 200-day simple moving average (SMA) around $18.- This is indeed a key support area. - The RSI is tagging 30. Because the prevailing trend has been bullish, we can say that the RSI level suggests oversold condition.- I think there is going to be support here. - However, if price rebounds but finds resistance at $19, the next test of $18 is likely going to crack it.- If price does break below $18, the next key support might be $16.25, a previous support pivot, coincident with a rising trendline.