From the Desk of Top Market Timer, Mark Leibovit
LEIBOVIT VR TUTORIAL FOR YUM ON METASTOCK - AUGUST 12, 2015
Seven Leibovit Negative Volume Reversals (VRs) have been formed in YUM BRANDS (YUM) since late June defining a clear and profitable downtrend. Yum Brands, the owner of the KFC and Taco Bell chains, was among the biggest decliners in the S&P 500 on Tuesday. The fast-food company gets more than half of its sales from China. The company said last month that it was expecting a strong second-half of the year in China. Yum fell $4.28, or 4.9 percent, to $83.54.
A Leibovit Negative VR accompanied by a declining 5/3/3 stochastic provided traders with a great opportunity to profit ahead of the announcement that China had devalued the Yuan by 2%.
Happy Trading,
Jeff Gibby
2 comments:
Interesting analysis of YUM! These VRs highlight the downtrend despite their China outlook. Is this purely macro-driven, or are competitors like Drift Boss (dominating online game time, diverting spending) subtly impacting fast-food budgets? Worth investigating! Could be a buying opportunity later, if temporary.
Timing and precision are the primary focuses of drift boss which features a control scheme that is astonishingly straightforward. Simply you, the road, and the quest of flawless drifts in an endless challenge are all that are involved in this game. There are no sophisticated features or settings.
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