A the end of 2017, we saw Wendy's $WEN share price shoot up, breaking above a consolidation channel. At the time we discussed several targets for WEN, 18.20 and 22 being the next two. After a couple months of price action, the market continues to confirm the bullish outlook.WEN Daily Chart(click to enlarge)Pullback and Confirmation:- The daily chart shows that after price tagged $17.50, WEN fell sharply.- While price did break below the moving averages and the RSI dipped to 30, price did hold above $15.00 a common support.- This also showed respect for the broken channel as a support base, which suggests the bullish continuation outlook.- The price action during the 2/22 session was an engulfing candle, which continues to confirm the bullish outlook.- We can feel even more confident if the RSI closes above 60 by the end of the next week.- At this point, the 16.25 and 15.95-16 area will be key short-term supports. - I think we can put 20 as an average target for this bull run before WEN finds significant resistance.