YUM is looking tasty--for bears. Keystone pulls his trumpet from the case and begins playing 'Taps' in sympathy for the about-to-be-fallen YUM. If you are in Yum! Brands on the long side don't walk to the exits, run as fat as you can! You can see the negative divergence for all indicators (red lines). The RSI and stochastics are overbot agreeable to downside ahead. The rising wedge pattern is bearish. Price has violated the upper band so the middle band at 82.04, and rising, is on the table, which will likely just be for starters on this sick monthly basis ahead. All this stuff says down.
Within a couple months, YUM is going to be looking like a bum and anyone holding the stock will turn into a hobo. It would not be surprising to see YUM in the 60 to 75 range at year-end. Keystone does not have a position in YUM currently but will be shorting it going forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.