According to the latest regulatory developments, it plans to shut down a certain number of learning centers in the fiscal year 2022. The Chinese edtech giant released the audited performance report for the fiscal year 2021 on September 24 Revenue was USD 4.27 billion, a year-on-year increase of 19.5%. The net profit was USD 230 million, a year-on-year...
New Oriental Education &Technology Group Inc is a China-based company primarily engaged in the provision of educational programs, services and products. The company offers education to its students in online classrooms through its platform. EDU shares have plunged this week as investors brace for the Chinese government's anticipated crackdown on the private...
I'm expecting to consolidate around 1.60 - 3.00 dollars for a while, then moving UP 8.00 - 12.00 dollars. Patience is the Key.
Rising share prices It takes a week to a month to reach the first goal
test New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the following segments: K-12 AST, Test preparation, and Other Courses, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study...
This is a great company with sustained growth, with predictable profit, it's an amazing investment considering the current prices.
Current assets exceed market cap. Enterprise value is almost 10X to market cap. Huge valuation gap. Risk: becoming non-profit
China's crackdown on for-profit education companies was a disaster for traders not using a stop loss. In the 52 Week Range EDU New Oriental Education & Technology Group Inc. went from 19.9740 to 1.9400usd. After-school tutoring institutions must transform themselves into "nonprofit organizations". Jim Cramer (Mad Money) on China's tech crackdown: You can't...
lost previous swing high and strong support at swing low at 1.9.
Recently we have been seeing a constant selling pressure from Chinese stocks. These are generating some long term opportunity. Very large MOAT here, with very high uncertainity in the market. Do focus on the price move and adjust the projected pattern accordingly. Some might pick $EDU against $TAL due to their cash position. $TAL has a industry advantage being...
Buy, given what TA suggest, despite certain amount of fear at this point. It should not take more than a year to see if it is a right decision or not.
I got entries in the lows forming a small uptrend, might get more momentum.
Here, we had a perfect butterfly extension pattern on the weekly. For this price action, it seems that the most likely complimentary pattern here would be a shark pattern; therefore, I have indicated the 0.886 retracement and 1.13 extension of the CD butterfly leg, as well as, the normal 0.382 and 0.618 retracement take-profit levels. Good luck, trade safely,...
LONG-TERM: Bullish butterfly PCZ bounce off an iceline, descending broadening wedge, classic bullish divergence. (not financial advice)
I'd love to see EDU succeed but the path to resurrection won't be smooth...