$EDU short put vertical 73% PoP for credit at support New Oriental Education & Tech Group had a big move and a big correction. It's time to playing some bullish move. Weekly timeframe: Oversold on weeky and on daily too, sitting on the bullish trendline. Daily timeframe: Oversold too, bullish divergence. Playing short put vertical here, because...
EDU could rebound after a 66% pullback from a supporting line since 2016.
NYSE:EDU Possible Scenario: LONG Evidence: Price Action TP1~ 15.5$ Call options, Strike 15$, 05/21/21 This is my idea and could be wrong 100%,
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Appears to be trying to break up from a rectangle..A rectangle is a horizontal consolidation zone (HCZ) but can break up or down. Long entry level would be the top trendline or 187.45 with an uptrend. This would be a rectangle top I suppose. EDU broke up and out but appears to have been pulled back in to the rectangle..for now..The top trendline is resistance...
Looking for a bounce at a major support line, keep stop lost tight, or wait for a move up and confirmation to stay in the pattern. Missed this the first time hoping for a mulligan!
Looking like a nice set up for a breakout if you are willing to play earnings, I would like to say my target is 180-185 to evaluate the volume and possible new ATH test. I purchased 2x 2/19/21 $180 Calls @6.30. Good luck and remember that the market will be a little unpredictable with the change of presidents and extended new highs! Be careful and good luck!
NYSE:EDU - Lower end of the channel - Reversal possible based on history of the chart - RSI low - MACD sloping up - Buy price @ $ 159.95 - 1st Target @ $ 167.66 - Stop loss @ $ 155.58
$EDU is projecting a neutral outlook as per the PEAD Cone projection with price trading close to the median line.
Contextual immersion trading strategy idea. New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. The demand for shares of the company looks higher than the supply. This and other conditions can cause a rise in the share price in the next days. So I opened a long...
Edu confirmed the Rectangle pattern but it suddenly had to pull back due to the general market correction, now it's back again and confirms the breakout. Edu buy : $153-155 Edu target : $170+ Stop loss : 5% Wish you good deals!