Tapping on the billion dollars business of education

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 session.

Chart wise, we can see that this Company, New Oriental might be forming an inverse Head & Shoulder pattern, with the price falling to form the right shoulder before pulling back up.

If the price does fall and is supported, that could be a good price to enter for long.

Comment:

inching up nice and slow

Comment:

a double top is formed. Let's see if it will breakdown from the trend line or continue to form another top to make it a triple top formation before coming down.

Comment:

Drawing trend line is not static but adapting to the price action. You can see clearly that the bull trend is very strong and intact thus warrant buying opportunities