"Squeezes are one of my biggest buying signals in Daily Profits Live." Nate Bear, Lead Technical Tactician, Monument Traders Alliance When I'm looking for A+ setups using my S.A.M. Scanner, one of the biggest buying indicators I look for are squeezes. A squeeze is like a coiled spring on a stock. The stock keeps pushing against a support level, volatility contracts, and then it often presents the setup for an explosive move. One company that has multiple A+ squeezes right now on the 130m and 30 min chart is Yum Brands (YUM). It also has a squeeze on the weekly chart. YUM is an American multinational fast food corporation listed on the Fortune 1000. It operates the brands KFC, Pizza hut, and Taco Bell. As you'll see in the chart above, YUM has the classic stair step pattern I look for in a healthy trend. While I haven't initiated a position yet, I'll be watching this setup carefully. |
No comments:
Post a Comment