Smells Like a Buy

I'm currently looking at the buy side of Yum! Brands (YUM) for a few different reasons. First, let's look at where this stock made an intermediate low on Sept. 4.

On the daily chart below, I have illustrated a clustering of Fibonacci time cycles that came due between Sept. 3 and Sept. 6. One of the standout cycles within this group of cycles was the 100% projection of a prior decline that lasted 16 trading days into the April 23 low. If you project 16 trading days from the Aug. 12 high, you see the cycle came due exactly on Sept. 4, which is when that last intermediate low was made....292 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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