There aren't a lot of stocks out there I'd be comfortable holding thru a 2nd or 3rd wave of a pandemic. This one looks promising. Looking for a bounce off of last weeks lows. There's a short term on-balance volume price action divergence. Taco Bell/Pizza Hut/KFC are all doing well enough while other food venues are being forced to shut down. The 2% dividend is as...
#YUM Made a breakout from the Cup & Handle Pattern in the daily chart and also made a breakout from the ascending triangle in the weekly chart. The next minor supply zone is around 105 level.
I am bullish on this counter as I forsee more business coming as slowly, states are opening up and more people are returning to the workforce. The vaccine development is a matter of time and once that is completed along with the US election, things should get more stabilised.
Ascending triangle formed after a 5-month correction. Multiple new support confirmation over the past few days.
There is a potential to aim March's high and target a $105 price mark. However, not before we break past our original target exit below.
Despite profit potential might not seem appealing, I still feel that the risk/reward ratio is acceptable. Needless...
After beating on earnings, YUM is looking to break out of the triangle pattern that its been forming for a while now. I think that we will bounce off the support one last time and then sometime next week finally break above the resistance. Then retest and continue on with a new uptrend.
Hey traders, YUM BRANDS is in a bullish configuration, sellers refusal on a buying volume. Great potential to go on the last precedent above, if there is a buying continuity and can even seek the 2nd above. After seeing if there is a force for a buy movement otherwise we must come back down.
Please LIKE & FOLLOW, thank you!
Pennant Pattern - Continuation Pattern.
The brand owns: KFC, Pizza Hut, Taco Bell, The Habit Burger Grill and Wing Street worldwide.
Long Term Analysis (Go long Option 2) - It is a Bullish Market and it was a bullish Market just before the COVID-19. YUM BRANDS adjusted it assets to accommodate the new market requests. Wait the right time to go Long, perhaps once...
Yum! Brands
The brand owns: KFC, Pizza Hut, Taco Bell, The Habit Burger Grill and Wing Street worldwide.
Long term analysis - Market was bullish before the Virus and it changes quickly to accommodate the virus/crisis requests, so it should keep going upward - Bullish long term
Short Term I would go Bullish - same direction of the trend, but there is an Option B...
