Fast Food and Dining Stocks: Macro Fib SchematicsThese Fast Food Giants consist of McDonalds, Starbucks, YUM! Brands, Restaurant Brands Inc, Chipotle, Wendys, Darden Restaurants, Brinker International...
All Fibonacci Clusters are placed correctly. The 1 Month timeframe makes these charts realistic.
Yumbrands
Yum! Brands: Bearish Shark With Bearish Divergence and Daily 3LSWe 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.
Weekly Outlook! 7/12 - 7/16Here is what stocks we are looking at for the coming week! As well as a recap of last week's video!
NYSE:CAT
Looking for another swing high off of lows. Looking to get a confirmation for the break of it's current bullflag pattern over the $220 level.
NASDAQ:NVDA
NVDA has been range bound the last two days between $806 and $788. We will be looking for a range break in either direction of those levels
NASDAQ:ROKU
Nice dip here after the recent run we have seen. Looks like we got a break of resistance and will look to catch the next move higher over the $434 level
NYSE:YUM
Nice trend resistance break on Friday, looking to catch a move over a break of $119 for continuation
NASDAQ:EBAY
Nice bullflag pattern forming here at highs, will look to take the next move up after a break of the $70 level
YUM BRANDSYUM BRANDS Trading Plan
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Yum brands (YUM) - Trend intact, dipped below bollinger band = $Yum brands overall strong fundamentals with company. Shifting their focus to mergers & acquisitions setting themselves up for success in 2020 and on.
RSI is slightly oversold.
Bollinger bands indicate a short term reversal after dipping below southern band days ago.
Long term trend line indicating the historical level of support and trend is still intact.
Initiated buy @ 97.62.
Exit around 109 (next resistance), then 115.
As always happy trading and DYOR.