Looks like a pull back is coming but who knows. I plan to buy more with a pull back.
YUM is overbought with daily RSI set on 80 verses 70. It is also overbought on weekly RSI. Securities can remain overbought for an extended period of time, but I do not like buying more of this while it is overbought )o:
Long entry level can be important to your psyche to help you hang later on.
Not a recommendation.
Scallops look like cups in a way but they lack a handle. They can be ascending or descending. The trend should be upward leading to an ascending scallop. The pattern looks like the letter J. You can measure the pattern then project it up from break out level which is left lip of the pattern. Increased volume leads to better performance. I have noted these patterns often come back down to earth to form a handle.
Not a recommendation.
YUM is overbought with daily RSI set on 80 verses 70. It is also overbought on weekly RSI. Securities can remain overbought for an extended period of time, but I do not like buying more of this while it is overbought )o:
Long entry level can be important to your psyche to help you hang later on.
Not a recommendation.
Scallops look like cups in a way but they lack a handle. They can be ascending or descending. The trend should be upward leading to an ascending scallop. The pattern looks like the letter J. You can measure the pattern then project it up from break out level which is left lip of the pattern. Increased volume leads to better performance. I have noted these patterns often come back down to earth to form a handle.
Not a recommendation.