I remember that day when YUMC was spun off from YUM I was still in Wall Street as a stock trader. A few days later this name became one of my best name and my boss was like "Hey Joe, many of my friends in other PE and hedge fund just did the exactly same trade as yours, good job bro!" One of the most inspired moment !
Recently YUMC has rumors about being buyout, here we got a bullish butterfly pattern and here is 0.618 spot! I'll be willing to look for trade around 31.50-32.00 to see if there are intraday reversal signs.
Let's how it goes!
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well, nice little harmonic patterns combination here we got the daily hammer but the buyout news doesn't exist anymore.