YUM is showing a classic Double Bottom. Don't miss the move.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
A clear signal has emerged for Yum! Brands (YUM) on the daily chart. The stock is trading at $148.92, up 1.05% on the day. The primary technical feature is a Double Bottom formation. This setup is supported by average volume turnover. A potential breakout level is identified at $170.14, targeting $195.64 with support near $157.39 (R:R 2.0).
What is your outlook on YUM?