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mistrykam
Jan 5, 2020 1:14 PM

YUM accumulating, ready for a breakout Long

Yum! Brands, Inc.NYSE

Description

YUM could head back to 118 once it breakouts out of the current accumulation phase.
Comments
sumtinwong
Good call, you think this continues?
mistrykam
@sumtinwong, Yes, there is a high probability that YUM is now in an uptrend. Obviously, it won't go straight up. Look at MCD as a reference.

Use a stop limit to protect your capital.
sumtinwong
@mistrykam, Thanks for the reply, currently have April 100 calls that I bought for cheap, up 43% currently, but was up like 80% or so at the high yesterday. Want to see a gap fill to 110 at least on this, seems like a pull back today.
mistrykam
@sumtinwong, that's fantastic, hoping it clears 110 :-)
sumtinwong
@mistrykam, What a dump these past two days, only up 20% now... wooow
mistrykam
@sumtinwong, That bites, YUM looks like it's still consolidating. Looks like all the money was heading back into Tech, which is looking over-valued now.
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