YUM is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Traders are watching Yum! Brands (YUM) as price action tightens. With a last close of $156.09, volatility remains active (1.55%). Price action has carved out a classic Bearish Flag. The trend indicator is reading 17.2/100, suggesting moderate momentum. A potential breakout level is identified at $151.91, targeting $131.72 with support near $161.76 (R:R 2.05).
What is your outlook on YUM?