Thread by @malteseinvest

Analysis: #NYSE $YUM

Case 47 #Yum! Brands Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#YUM 1/6

After peaking at 119.72 price has declined steadily. Yum! Brands is long term #bullish but neutral on the weekly and bearish on the daily chart.

YUM 2/6

Chart 1
Monthly Chart: Price is currently drifting lower towards the #SMA 20 and #trendline support should contain the downside temporarily. The main moving averages are still bullish - the SMA 100 (77.02) and SMA 200 (53.08)

YUM 3/6

Chart 2
Weekly Chart: A double top at the all time high of 119.72. Immediate support at 92.52 and 90.36. Price has sliced through SMA 20 and SMA 50.

YUM 4/6

Chart 3
Daily Chart: All the main SMAs are now pointing down and price has broken through. A gap exists at 109.49 - 103.60. Trendline support at 92.52.

YUM 5/6

Chart 4
Daily Chart: The #Strategy - printed on the image.

This is a risky trade and should be traded with utmost caution ..... defend on entry.

YUM 6/6