Yum China may fall to 26.40 - 27.10

30.7 is our pivot point.

Our preference

The downside prevails as long as 30.7 is resistance.

Alternative scenario

The upside breakout of 30.7 would call for 31.9 and 32.6.

Comment

The RSI is trading below 30. This could mean that either the stock is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 30.75 and 33.4992). Finally, Yum China is trading below its lower daily Bollinger band (standing at 29.27).

Supports and resistances

32.6 **

31.9 *

30.7 **

30.2

29.24 (USD-last)

27.8

27.1 **

26.4 *

25.7 **

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