Yum China may rise to 51.80 - 54.50

39.7 is our pivot point.

Our preference

As long as 39.7 is support look for 51.8.

Alternative scenario

The downside breakout of 39.7 would call for 35.3 and 32.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (44.912) but above its 50 day moving average (38.3082).

Supports and resistances

57.1 **

54.5 *

51.8 **

49.2

43.37 (USD-last)

41.3

39.7 **

35.3 *

32.7 **

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