Company info:
New Oriental Education & Technology Group, Inc. offers educational services. The Company offers foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries.
Earnings:
Earnings came out very strong this morning.
Revenue came in 869.60 and the street has looking...
According to the market behaviour, EDU has been rising sharply on the one hour, five hours, daily, weekly, and monthly charts. Technical analysis indicates that the price can take some correction for next healthy gain, trader can buy it from the level between $70 to $72 and the next target will be $88, along with the stop loss of $62
Italian Translated:
Secondo...
If this will hold in range of the forming base that could be a IN signal.
Red Flag:
Volume could be higher
Chinese stock
1st PT - 3% - 39.80
OPT - 41.80
entry -38.65
SL - 37.71
Couldn't find any positive catalyst in sight... Just a TA play.
AMEX:SPY - looking like it put in a suto h&S top PD with a look above the prior pivot high at 415.75 and a close below. IF SPY cannot get above 415.75 quickly and hold, I would be expecting a test of 412 in the session. IT could also be the case that positioning is mostly in as we await the FED policy rate decision tomorrow where they are expected to raise rates....
This stock looks like it's setting up to lose pretty much all of it's current value below the moving averages and the Bearish ABCD with Bearish Divergence along with Hidden Bearish Divergence on the Weekly. There's also the terrible Earnings and there's just no justifying how bad it is. If this Bearish ABCD plays out then i'd expect an ABCD BAMM Movement down to...
EDU ( Chinese stock ):
I'm bullish Chinese stocks in general but I really do like the look of EDU.
A few reasons to keep a good look on EDU:
- price is now above all the moving averages on the daily chart;
- price is getting back above the Ichimoku cloud;
- there is a huge gap between $29.70 and $57.34;
- the weekly chart chart has the look of an inverted...
test
New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the following segments: K-12 AST, Test preparation, and Other Courses, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study...
EDU had a fake breakout attempt to fill the big gap above 30.
Shift from down trend to uptrend and motive wave show us that the price could go higher and fill the gap.
Safe way to play this could be to wait for some reaction after a retracement around 20 - POC value –
1st TP half way –
2sd TP before gap is fully filled –
SL just under 0.65% FIB from motive wave
we getting near the breakout level around the 25$ , if we broke it , we going to see a huge buying pressure tell the next resistant and profit taking target around the 35$, if we got rejected at that resistant level we might see the price going down till above the 17$ support , and holding above this support , show that our stock still in bullish trend .
I was attracted to this chart from a Technical Analysis point of view and reward: risk ratio on a potential trade. Price has finally found support at a previous Weekly level after dropping 95% from all time high. It seems as if there is more upside potential than downside potential.
I'm not going to buy here. If I buy, it will be at the fib levels outlined in...
Renaissance technology Q4 added 14 million shares to New Oriental, EDU. The indicators show that the price in the falling channel. KDJ has death cross and Stoch RSI shows it is in overbought area. So it's not a good chance for individual investors to buy EDU.
I think this is an Asian culture , not sure if our friends in the West feel the same way. Followers and friends in other parts of Asia like Thailand, Malaysia, HK, China and of course , Singapore have confided to me the stress that parents feel on each weekend.
No, not fretting over where to go for vacation (who has the mood these days with lockdown and...
I'm looking at a potential buy on FOLD with the potential for a nice gain. This is following my strategy requirements and it is also showing us some hidden bullish divergence also. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade tomorrow.
