Yum China may fall to 27.80 - 28.60

Our pivot point stands at 32.4.

Our preference

The downside prevails as long as 32.4 is resistance.

Alternative scenario

Above 32.4, look for 33.8 and 34.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 32.7255 and 35.5658).

Supports and resistances

34.5 **

33.8 *

32.4 **

31.9

31.05 (USD-last)

29.4

28.6 **

27.8 *

27.1 **

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