Yum China may fall to 29.60 - 30.90

Our pivot point is at 37.7.

Our preference

The downside prevails as long as 37.7 is resistance.

Alternative scenario

The upside breakout of 37.7 would call for 40 and 41.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 36.9235 and 37.7104).

Supports and resistances

41.4 **

40 *

37.7 **

36.7

35.18 (USD-last)

32.3

30.9 **

29.6 *

28.2 **

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