Yum

[lori]

ive been looking at another bullish chart-YUM. its consolidating presently, but its had a nice run this year. looks like theres some sk support around $36--possible good entry point. im still ?ing the expansions. where would u put A<B<C on the dly chart--?--would u use the last low, high, low? and how about on a monthly chart? how far back do u go w those expansions? thankyou kindly! lori

[lori]

i was thinking of profit expansions, but tell me about all of them.

[Alice]

ive been looking at another bullish chart-YUM. its consolidating presently, but its had a nice run this year. looks like theres some sk support around $36--possible good entry point. im still ?ing the expansions. where would u put A<B<C on the dly chart--?--would u use the last low, high, low? and how about on a monthly chart? how far back do u go w those expansions? thankyou kindly! lori

Lori, there are several expansion possibilities. Are you looking for
support expansions expansions for entry, or profit expansions for exit?

[FibMaster]

OK, here is a daily chart with expansions to the downside, for support and stop loss determination. The horizontal green lines at 35.77 and 33.17 coincide with the Fibonacci support studies. Nice chart.

[FibMaster]

This is the weekly chart showing exit expansions. I like the one up at 43.73 ..

Also on the daily chart, once the current pullback finds support, we can use that swing low for a different expansion study to get some more levels to the upside.