New Oriental Education & Technology Group, Inc. SponsoredNYSE
Description
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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.
Comment
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Earnings provided a spike this morning. Was 2-3 days off my PT but close enough. If it closes above 106.50, it's going to the moon. That's a triple top over a few years so it'll run for a while in this channel.