Yum China may rise to 37.90 - 39.30

Our pivot point is at 30.3.

Our preference

Our next up target stands at 37.9.

Alternative scenario

Below 30.3, expect 28.1 and 26.8.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 30.5875 and 32.2406). Finally, Yum China has crossed above its upper daily Bollinger band (32.66).

Supports and resistances

40.6 **

39.3 *

37.9 **

36.5

33.37 (USD-last)

31.1

30.3 **

28.1 *

26.8 **

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