Yum China may rise to 34.80 - 35.50

Our pivot point is at 30.5.

Our preference

Short term rebound towards 34.8.

Alternative scenario

The downside breakout of 30.5 would call for 29.2 and 28.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 31.892 and 34.8774).

Supports and resistances

36.3 **

35.5 *

34.8 **

34

31.75 (USD-last)

31

30.5 **

29.2 *

28.4 **

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