Yum China Holdings (YUMC) does not have much trading history, but it has formed what I would consider an equilateral triangle formation since November. An equilateral triangle is a continuation pattern with a rising trendline and a falling trendline, so the supply-and-demand pressures are visibly equal or balanced. Despite this problem on whether the pattern is bullish or bearish, there are ways for a technical analyst to "handicap" the outcome.
Continuation patterns are typically pauses in an existing trend, up or down. There are rising triangles that are typically found in uptrends and there are descending triangles often found in downtrends. (Other continuation patterns are rectangles, wedges, flags and pennants.)
In this daily bar chart of YUMC, above, we can see a pattern of higher lows in November, December/January and March. On the top side, there is a pattern of lower highs from late November to early February and today's price action. The up-and-down trading range has narrowed since October. Trading volume has been relatively light, which is typical in a triangle pattern. The February-March decline in the price of YUMC occurred with slowing momentum, telling us the pace of the decline slowed. The daily On-Balance-Volume (OBV) line does not have much price history, but there is a small improvement in the line since mid-March, suggesting a subtle pickup in more aggressive buying.
In this Point and Figure chart of YUMC, we get a significant clue that YUMC could break out on the upside. Draw an imaginary horizontal line across the middle of this chart, call it between $27.26 and $27.84. Notice that there are more X's and O's below the midline. More activity in the lower half of the pattern implies accumulation -- there are more times that YUMC has refused to go lower than times it tried to go higher.
Bottom line: Aggressive traders could go long YUMC here and on strength above $29.