Yum China may rise to 38.70 - 40.10

Our pivot point is at 31.6.

Our preference

The upside prevails as long as 31.6 is support.

Alternative scenario

The downside breakout of 31.6 would call for 29.4 and 28.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 32.851 and 31.775).

Supports and resistances

41.5 **

40.1 *

38.7 **

37.3

33.49 (USD-last)

32.5

31.6 **

29.4 *

28.1 **

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