A Rising Wedge pattern showing a decline to a stronger trend line below
Rising wedges are normally considered a bearish pattern.
Daily timeframe with the bars pattern accompanied.
A price action above 133.50 supports a bullish trend direction.
Increasse long exposure for a break above 136.00.
The target price is set at 145.00, which is the upper range of the linear regression channel pattern.
The stop-lossprice is set at 129.00, which is the lower range of the linear regression channel pattern.
The upward trending linear regression channel...
We have a 1.13 Shark here with Bearish Divergence Visible on the Weekly Timeframe, and right now on the Daiy Timeframe was have a Confirmed 3 Line Strike. If things go as I expect we will see YUM work it's way down and below the trendline before then making it's way towards the 0.618 Fibonacci Retrace over the next several months.
Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers.
The first pattern on today’s chart is $125.70, a daily closing high from last April. YUM hesitated below that level in November and then began the New Year by testing it. Prices are now holding the same zone again, which could suggest old resistance...
We have Bearish Divergence at a Bearish Cypher PCZ and right now the calls are super expensive so i will be buying some slightly OTM FEB Calls and selling some deep ITM APR Calls for a net credit. My main target is $115 but much lower is probable.
The PEAD projected a Bearish outlook for $YUM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Thoughts: Yum looks like it's going to close under $108.90 on the 1D. I saw YUM yesterday and I really like this stock. I can see it going to 95 in the next 30-60 days.
If YUM closes under $108.96 today, we should hit 102.41 in the next 7-30 days.
Entry: 109.20-108.40
1st Target: 103.15-102.41
2nd Target: 95.61
Patience is a virtue.
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF
YUM breaches Friday's low of $115.13 during Monday's session.
The PEAD projected a Bullish outlook for $YUM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 88.89%.
Bias: Positive.
Sentiment: Optimistic.
Emoji (emotion): Anxious 😬.
Null Hypothesis: Buy.
Alternative Hypothesis: Sell.
Signals: ..
Position: A short term day/swing trade.
Notes: I'm anticipating an earnings surprise.
Other: ..
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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...
