Love a pattern breakout inside a rising channel, above 150.71 is your cue.
prior gap support/recheck. looking long on break of trend with support zone below
The EDU - New Oriental Education & Technology Group share price has touch $142.38 high on 14 February and low at $102.01 on 23 march, since then the price has recover around 39 per cent from $102.01 low to 52 weeks high to $148.75 and it breakout the resistance level of $142.38. I suggest the price will pullback to it support level around $142.38 before it move...
One of good bullish chart pattern is about to be completed . if bounced On Monday from 101.8 and hold it by close then possible nice bullish run targeting 115-126-133 which is around 10-20-30% up . This pattern still to be confirmed so there is a time to check if its occurred with exact percentages still there are some gaps below specially above 69 . if Break down...
It is a known fact that private education, coaching, tuition, extra-curricular activities like swimming, piano, etc are a large part of kids' activities in Asia. Be it Hong Kong, South Korea , Singapore or Malaysia, on each weekend , you will see parents acting as chauffeurs to their kids from one place to another, resting in between for meals before the next...
EDU Today is coming down to price of $108 area where it was the top resistance back in July and Aug. Watch closely if go back down to the previous range or stay above $108.
Very positive that Stock closed above pivot and 10WSMA.Trend still intact
$EDU has tested and failed at the $108 level for the 3x in 20 months. Short-term price action has confirmed a break in the immediate trend. This is a company which has sacrificed margins for earnings growth. Earnings growth is at +1 standard deviation while operating margins have crashed from 22.5% (end 2009) to a miserable 8.9%, at -2 standard deviation...
EDU bouncing off bottom parallel of channel. Have a few intermediary price targets set (blue bubbles). Looking to see it retest the highs from the previous week, and then push up again to test the 106 high within the next month or so. THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
NYSE:EDU $EDU BULL FLAG CONTINUATION WITH POSSIBLE RESISTANCE POINTS