YUMC is about to breakout it ATHYUMC is an chinese Holdings company who manage hundreds restaurants around the world.
This stock is bullish
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Good Luck
YUMC trade ideas
YUMC in the next 5 years YUMC in the next 5 years. I am personally pretty optimistic about their growth. A great stock to hold IMO.
YUMC - Daily chart [27th April to 1st May]Waiting confirmation candle to breakout from the double top
Is Yumc still yummy ?It is an extremely busy day today in Singapore where many ethnic Chinese are scrambling to do their last minute groceries shopping before they are closed for the next 2 days. For those who are not aware, it is the CHINESE NEW YEAR or SPRING FESTIVAL celebrated by ethnic Chinese worldwide.
So tonight, families will gather together for a reunion dinner much like the Westerners flocked home during the Christmas. I take this opportunity to wish all who celebrate the Chinese New Year a Happy and Prosperous New Year, with lots of abundant opportunities in the market, health and peace to you and your beloved family.
Please note that with the exception of Europe and US markets, many Asian markets like SG, HK will be closed for trading till 1200 hours.
For this stock, I am not buying as it has been hammered down since it peaked on 10 Jan 2020.
It could goes either way now. If it breaks down from the bullish trend line, then I see it could revisit the support level at 41.05 and 38.38.
Trading should be fairly thin during the festive seasons since many are in the mood to celebrate the New Year.
So trade with care, always use SL and apply appropriate risk and capital management.
Cheers and GBU
$YUMC nice set-up into earnings w/ July and Oct $45 Call OI$YUMC nice set-up into earnings w/ July and Oct $45 Call OI
YUMC 0.618 and bullish butterfly pattern after buyout rumorI remember that day when YUMC was spun off from YUM I was still in Wall Street as a stock trader.
A few days later this name became one of my best name and my boss was like
"Hey Joe, many of my friends in other PE and hedge fund just did the exactly same trade as yours, good job bro!"
One of the most inspired moment !
Recently YUMC has rumors about being buyout, here we got a bullish butterfly pattern and here is 0.618 spot!
I'll be willing to look for trade around 31.50-32.00 to see if there are intraday reversal signs.
Let's how it goes!
YUMC Bounce and Descending WedgeYUMC gapped down 15% on news about investors not buying it out. Initial reaction was it dumped hard, but bought back up just as hard and came back almost to vwap at 31.89. Could be a good play to either direction again. Looking for a retest of the trendline on either side for a continued move after the gap.
Yum China Medium Term Buy/Long - Not sure if we'll get a pullback to around the $35/36 level but if we do, that could be an opportunity to buy in.
YUMC - day trade set upI like this gap.. If it gaps below 38 it should run right to around 35 or lower. It would be trapping 4 days of bullish candles..
YUMC getting ready to gainPrimary bu signal: CCI crossing -100
Waiting for second indicator (RSI) to cross 20 for first entry
wave 5 of (5) ?The overall structure suggests another wave 5 of (5) rally is very possible
the end of blue wave 4 is unconfirmed, it could be further developed as a triangle
Also note
wave (3) equals approx 2.618 times the length of wave (1)
Divergence between price & technical indicators
YUMC longYUMC base formed and 50 SMA reclaimed prior to breaking out to ATHs. Retesting breakout area at 42 level.
Gonna hit 40 before ER Fib time zone shows wave 2 end Wave 3 just start. Good ER will take us to high 40s
YUMC Daily ReviewI bought at 40.50 - YUM in China, I am hoping for a break up out of the this triangle again...
