YUM Short Term tradeAfter 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.
YUM trade ideas
My Vision of YUM BRANDS DailyHey 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.
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YUM Brands Update - Bullish PennantPennant 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 the level 83.50 is achieved, we can think to go long
Short Term Investment - Go short (Option 1) up to 83.50
YUM BRANDS (PIZZA HUT, KFC)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 where the price can jump back to 84.00
Technical Analysis pattern - it seems to be a bullish pennant/flag (rectangular) pattern (more flag less rectangular).
YUM BRANDSYUM BRANDS Trading Plan
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long on this oneYum! operates the brands Taco Bell, KFC, Pizza Hut, and WingStreet worldwide, except in China, where the brands are operated by a separate company, Yum China. Prior to 2011, Yum! also owned Long John Silver's and A&W Restaurants.
Yum! Brands has over 48,000 restaurants in more than 145 countries. Our restaurant brands – KFC, Pizza Hut and Taco bell – are global leaders of the chicken, pizza and Mexican-style food categories. Worldwide, our system opens over eight new restaurants per day, making us a leader in global retail development.
YUM - upside limited by the 200dMA and gap areaYum Brands on Thursday warned that its 2020 results could fall short of its long-term outlook as the Wuhan coronavirus outbreak weighs on sales in China and Pizza Hut struggles to turnaround its U.S. business.
Yum’s long-term outlook includes annual same-store sales growth in a range of 2% to 3% and net new restaurant growth of 4%.
Here’s what the company reported, compared with what Wall Street was expecting based on a survey of analysts by Refinitiv:
Earnings per share: $1, adjusted, vs. $1.13 expected
Revenue: $1.69 billion, vs. $1.66 billion expected
Same-store sales: 2%, vs. 2.3% expected
200 Day MA at 107 and gap area at 110 limits the upside, while a breach below 99, would pave the way for significant downside.
A worsening of the corona situation would further weight on the stock.
BEAR FLAG OR BREAKOUT???I haven't been in any of their chains for years. I was gonna drive by Taco Bell but that drive thru was at least 10cars ahead of me. Im not sure if service was slow or maybe lunch time is always busy so I just decided to try Habit Burger for the first time. As a SOCAL In-n-out fed resident their burger and service is pretty good for sure. Not a big fan of Pizza Hut and my co worker would always bring KFC every putlock and it taste the same as always. Looks like an accumulating phase right now.
MY BULLISH BIAS: Nothing is stopping this BULL MARKET and their $2B buybacks
MY BEARING BIAS: Sellers might take advantage of this bear flag formation
MY CONCLUSION: I will enter a position sooner that later. See chart
Please feel free to criticize my bias and would love read yours.
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.
$YUM | Daily TF | Bear Flag Unconfirmedits hard to be bearish on equities honestly but this is possible painting a bear flag, however, keep in mind that it is not confirmed until we break below <$97
Ill be happy to change my bearish bias with a break upwards from the bear flag because you see, in a bull market, it is quite common for very evidently obvious bear flags to be a large driver of price action as it can easily be a bear trap.
I will remain simple and see it as potential a bear flag until proven otherwise, im also not taking the trade until it is confirmed.
$YUM TurkeyDay Gapfill UDPATE - 64% gapfillAn update on the Turkey Day gapfill idea posted last month! We achieved 64% gapfill which made for some great gains!
When looking for Gapfills, its important to not set your expectations too high! Often times a gap will only be partially filled because a gap us USUALLY an overreaction... Strip off the "over" part and its just a REACTION, which means when you strip away all the emotion fear and fomo, its going to have SOME reaction to the news that caused the OVERreaction. I like to set my sights between 60-75% of the Gap for taking profits. If the gap is 20$ i may shoot to take profits when the fill has reached 15$ or so. It's all contextual to the news and catalysts (and of course the ticker) that you're dealing with.
none-the less, Gapfills are a fun setup to play -- just be realistic in your expectations and dont be greedy.
Plan your trade, Trade your plan!
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$YUM YOLO GAP + Turkey Day GAP fillsTwo gaps to get filled here -- The YOLO GAP and the Gap that looks like it wants to be stuffed with Turkey and served on or near Thanksgiving....
Watching this for a move to the first lower boundary of the Turkey Gap, then if we break, that should start her grueling climb to 110!