TAL is at key support level 61.8 Fibonacci retracement, very similar to FB's 22% drop post-earnings. If TAL is able to close on top of 200EMA - the market remains bullish on the stock. Depends on the coming days, I think the chances are high - MW already published 4 parts of their short thesis around accounting fraud of TAL's acquired business (i.e. not its...
TAL Education Group (TAL) / Discovery Communications, Inc. (DISCK) Eduacation / Broadcast Radio And Television Entry:
- nicely above rising 40week MA - since breakout in late 2015, RSI never came below 50 - MACD bullish cross?
Levels drawn according to weekly chart. Earnings will either confirm or negate a trade (4/26). Entry 39.03 Stop 37.62. Target > $42. Will be interesting to watch price action prior to earnings...
TAL has formed a a pennant. MACD, OBV, and stoch RSI all look good. Lower time frames all look good too.
TAL could breakout if it can break thru 30.50 and maintain above.
REAL THE CHART!!!! LIKE ACTUALLY READ IT! p.s... short everything i buy
China stocks being punished on news. Downside potential.
TAL should breakout after $32. The MA lines can be your guide for buy on dips.
Don't go aggressive on any stocks at the moment due to the face that markets are under pressure. Keep an eye on this one you might want to establish a small position and add up if it moves up. Check for higher than normal volume on the breakout. Happy Trading :)
Great symmetrical triangle breakout on large volume today, position added