First thing first, I am not buying , yet. I will watch it over the next few weeks to see if the price rebounds strongly from the support at 344 -350 level. There is a possibility that it may continue to head south to revisit the next support at 289.80.
Remember the F&B business in China faces a lot of competition with new restaurants and menu being served up or...
Using this as my last post for today, I am hoping the Chinese New Year starting tomorrow will usher in more revenue for KFC and Pizza Hut in China. Looking at the 4H chart, we can see a ultra bearish candle on 7 Feb with a gap up.
Thus I am awaiting for the price to come back down to 292 support level to close the gap before deciding to go LONG.
I also take...
read latest article here
Let's wait for the price to rebound off the support turn resistance line at 281.60 and if a bullish candle is shown, I will take an initial position.
Hmm, this may not happen this week , probably after CNY as this is a short trading week. Be patient, you need not catch the bottom to benefit from the rally so long the trend is in your...
I believe humans are creatures of habits and drinking habits once formed are hard to change ,at least for most people.
Try this on your own, experiment with a new beverage in your country for an entire month and see how it influences your mood and behaviour. You starts to form a new belief, like it more and more as time passes and you stick to it OR you hate it...
YUMC
YUM!
After running into major resistance level between Mar.’23 – May ’23, price has formed a Downtrend channel.
The 1st entry short entry was July’23. Price found itself at resistance level of channel with “over-bought” Stochastic reading. See #1.
Price now finds itself again at the channel’s resistance level with an “over-sold” stochastic reading. See #2....
These are the 3 stocks that I am currently invested and would be finding opportunities to add more. The China tourism is going to explode, especially this upcoming July school holidays. It will be the first after the long drawn 3 years lockdown for the chinese people in China.
They called it the revenge traveling but I say it is a money making opportunity, haha!...
The PEAD projected a bearish outlook for $YUMC after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Based on similar news that China is re-opening to the world, it's expected that more people's movement will lead to more spending on leisure like eating out.
According to Bloomberg, Morgan Stanley Joins Goldman in Bullish Call on Chinese Assets.
As it's possible we're late for this news, the trade could be late, but as the suggested company is fundamentally sound,...
The PEAD projected a Bullish outlook for $YUMC after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
YUMC - some China related names truly look delicious. YUMC is an American Chinese Fortune 500 fast-food restaurant company based in Plano, Texas, operating in China. Lockdowns are soon over. China just decreased quarantine requirements from 14 to 7 days. This stock is sitting on 200MA. Ready to fly?
Yum China Holdings, Inc. owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee,...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Hi,
I would like to start covering different sectors/industries and selecting stocks that are or may be relevant in the future from the point of view of technical analysis.
Starting with Restaurants, searched out more than 60 companies, and here are some picks which are technically "the best ones".
Obviously, Do Your Own Analysis! To be said I don't invest them...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
L > 67.97 (if 4h/1D close higher)
L @ 66.28
As i was expecting before - YUMC grows up.
I see some new lvl such as 66.28 and 67.97/
I really think, that one of this expectations will work next week.
