Yum China may rise to 33.20 - 33.90

Our pivot point is at 29.2.

Our preference

Short term rebound towards 33.2.

Alternative scenario

Below 29.2, expect 28 and 27.2.

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 stock is trading under both its 20 and 50 day moving average (respectively at 30.613 and 32.7786).

Supports and resistances

34.7 **

33.9 *

33.2 **

32.4

30.24 (USD-last)

29.7

29.2 **

28 *

27.2 **

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