TAL looked a local maxima in Wednesday's trading but further fed what seems to be a strong consolidation triangle. At a larger view it already seems to be a confirmed head and shoulders with rapidly declining volume; suggesting any upwards momentum is only temporary. Paired with bad press, TAL isn't looking like a strong buy at the moment despite previous years earnings.
Boundaries
If upside triangle break will progress to 59.70 before meeting further resistance
If downside triangle break will decline to 44.24 before rebounding.
Risk / Reward
If long, upside gain for $4.33 (8%) for potential loss of -11.12 (-20.1%) in long
If short, inverse of above, gain of $11.12 and potential loss of $4.33