Yum China may rise to 38.20 - 39.60

Our pivot point is at 31.3.

Our preference

The upside prevails as long as 31.3 is support.

Alternative scenario

Below 31.3, expect 29 and 27.6.

Comment

The RSI is above its neutrality area at 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 31.8835 and 31.846).

Supports and resistances

41 **

39.6 *

38.2 **

36.8

33.14 (USD-last)

32.2

31.3 **

29 *

27.6 **

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