Stocks

Yum China may rise to 43.90 - 45.40

2024-05-19

36.9 is our pivot point.

Our preference

The upside prevails as long as 36.9 is support.

Alternative scenario

Below 36.9, expect 34.5 and 33.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 38.2415 and 38.9122).

Supports and resistances

46.9 **

45.4 *

43.9 **

42.4

39.2 (USD-last)

37.9

36.9 **

34.5 *

33 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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