Yum China may rise to 52.00 - 54.60

Our pivot point stands at 40.

Our preference

As long as 40 is support look for 52.

Alternative scenario

The downside breakout of 40 would call for 35.6 and 33.

Comment

The RSI is above 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 (46.2045) but above its 50 day moving average (39.1242).

Supports and resistances

57.3 **

54.6 *

52 **

49.3

43.89 (USD-last)

41.7

40 **

35.6 *

33 **

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