These green lines are the proper way to draw trendlines. Why? What do they mean? Oh you bet they mean something. Alot. They give you a price target. Price target has been reached. What's next for Yum!? That is the question! What I would like to see is this....but that remains to be seen...
Target is D. Possible stop under C.
Earnings 10-28. I am not sure if it is BMO or AMC.
The 20 (blue) has crossed down through the 50 (orange) and this pattern is a pull back pattern. The 20 is sloping up as is the 200 (red). The 50 looks a bit droopy right now. Moving averages are lagging indicators. Price is under the 50 SMA and some would rather see...
$YUM - 1st pullback to its 50 day MA since its powerful most recent bull flag breakout.
High probability trade setup like I've explained in my most recent trade setup on $AMD
YUM today 8/30 saw loss in a trading day that was mostly green on SPY. In the morning it attempted to regain losses from last week, but any strength was quickly sold and the downward trend continued.
- Rejection at 9EMA --> Short Term Downtrend confirmation
- Short Term EMA are bearishly crossing down to the 50 EMA
- Bollinger bands expanding signaling potential...
Broke out on the icchimoku plus earning on the 29th!!! All fast food has been doing astronomical runs after earnings. Dominoes ran $50 chipotle ran as well to crazy heights. YUM owns kfc, Pizza Hut, Taco Bell, the habit, etc. this thing gonna pop like crazy. Bought 3 contracts gonna sell 2 7-28 and let the last on ride for 7-29
Hey traders, check this chart of Yum brands. Long downward slope, huge volume came in June 25th and a break up today (7/9). I’ve drawn levels I’ve determined could further confirm price strength, back to the top of this range. Let me know your thoughts, appreciate your feedback
Not a reopening player, fundamentally is why the price rose so much
Strong bear divergence on Daily @ ATH which is being rejected on the Weekly (assuming it stay bear hammer)
Target 114.74
Target 2 109. 68
This startegy works well for anything whether you are Trading Options or Long-term investment. Please keep in mind that when trading options time can be your best friend/ or worse enemy. Practice and develop a plan before you go full throttle into trading. Have any questions? Send me a message.
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...
A V bottom waits on a the prior high for long entry level, as a rule.
There is also a cup forming. YUM appears to be trading in a horizontal channel right now. A time of consolidation.
This may be a time consuming ventrue, making it to long entry level and reaching targets. Entering close to support can make the journey less stressful if you do not want to...
Since the sector rotation was unfolding in mid Feb 2021, restaurants and bars sector has been very resilient with a number of them outperform the indices.
In this video, you will find out 3 stocks - NYSE:MCD (McDonalds Corporation), NASDAQ:SBUX (Starbucks Corp) and NYSE:YUM (YUM Brands Inc) set to breakout from the Wyckoff re-accumulation structure with...
