Yum China Holdings Inc. (YUMC) stock has been volatile in 2023, exhibiting both short-term bearish and long-term bullish trends. While technical indicators show near-term selling pressure, BofA Securities has raised its price target on the stock due to strong sales growth and a favorable exchange rate. Yum China’s aggressive share buyback program and its stake in Meituan also contribute to a positive outlook. However, investors should be aware of the mixed signals and potential challenges.