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...
YUM brands has been consistently beating earnings and revenue expectations in the past, and is stably growing. I recommend a long hold given support levels + stock correlations. Options are looking tempting. That said, please do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
Nice break of high and retracement to said high. Stop loss could be set tighter below the high, and entry at opening price should be just nice. Projected TP of roughly 5-10%.
Here is a good trade to help hedge the account and reduce your market exposure .
Could be a longer term trade but I will personally take profit around the median bollinger band area.
Long the pair~
