$YUM - A weekly view with Fib.

Yum! Brands, Inc.NYSE

Description

⋅ Sep 22, 2014 1:39 PM

Picked this idea up via Greg Harmon (dragonflycap.com/2014/09/22/top-trade-ideas-week-september-22-2014-bonus-idea/). Instead of a Daily chart view, I looked at the weekly chart and plotted against the Fib from high in July to low in early-2013.

- Multiple resistant points shown at the Fib. 61%
- An entry is considerable if price breaks $74.40, Target at $78 even.
- Unable to call a Stop yet!
- Will continue to monitor...

Fibonacci