Yum China may fall to 30.00 - 30.90

Our pivot point stands at 35.6.

Our preference

The downside prevails as long as 35.6 is resistance.

Alternative scenario

The upside breakout of 35.6 would call for 37.3 and 38.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 35.808 and 37.168).

Supports and resistances

38.2 **

37.3 *

35.6 **

35

33.91 (USD-last)

31.9

30.9 **

30 *

29.1 **

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