Time has come to catch TP2 @ 96$...?
YUM Brands reached the in my former Analysis mentioned TP1 (86$) . With Prices above 86$, TP2 (96$) can be aimed...let`s rock!
Former Analysis:
YUM BRANDS Falsebreakout- targets. 86/ 96$
Yesterday we saw a classical false breakout, a bull trap.
The shortterm Support @ 79.10 was a intraday fight. First it seemed, that the Support zone would turn into a resistance with generating the next sell-Signal.
But the opposite appeared: A bullish hammer was formed per Close. Today we can see a big upmove which beated the downtrend.
I see a classical 1-2-3 long pattern with tp1:85,5 / TP2: 86$
The requirement for this possible Szenario is that YUM will not close sustainable below the last "3"
Former Analysis:
YUM BRANDS Falsebreakout- targets. 86/ 96$
Yesterday we saw a classical false breakout, a bull trap.
The shortterm Support @ 79.10 was a intraday fight. First it seemed, that the Support zone would turn into a resistance with generating the next sell-Signal.
But the opposite appeared: A bullish hammer was formed per Close. Today we can see a big upmove which beated the downtrend.
I see a classical 1-2-3 long pattern with tp1:85,5 / TP2: 86$
The requirement for this possible Szenario is that YUM will not close sustainable below the last "3"
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Here is the Breakout! Note
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