Contextual immersion trading strategy idea. TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $66,93; stop-loss —...
Late posting this but hopefully there time tomorrow before market open to take a look. Got a little long winded on explaining my previously posted ideas in early in this one, so I will be posting a second video shortly finishing the trade list.
The Upper Orange lines are the 1.272 fib extension levels from previous high The Upper Yellow lines are the 1.618 fib extension levels from all time highs The Red lines are the ascending channel trend that the price action has been following during the current uptrend The projected time frames of price targets are based on the previous time decay from Lows-to...
$TAL #TAL limit buy range $60-62 Any thoughts? I've been waiting this stock for so long. Park my allocation from $NET #NET Share your thoughts here?
TAL - It has completed impulse within 4 hr time frame at last swing high as shown in chart. It is now within correction as WXY is the pattern of correction as double zigzag down. It is in Y wave and C of Y is in progress, so sell it with stops above 76.50 for target below 69 as swing sell trade idea. You can ask for regular updates for same idea or others too.
TAL Education Group (TAL - NYSE) is in impulse wave up. In weekly time frame it is in 5th wave as shown in chart. In daily it is in 5th internal of 5th wave where 4th internal wave was triangle. In 60 min time frame, it is about to complete 3rd wave and 4th wave correction thereafter will start moving down, which probably sharp or complex as 2nd wave was irregular...
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...
#TALEDUCATION needs to make higher high, otherwise it look like forming HeadandShoulders .
- A H&S is almost complete - Do note that the right shoulder is slightly higher than the left shoulder - The right bottom is higher than the left bottom, which forms an up-tilting neckline - Could these be interpreted as bullish bias? - Volume is in an overall downtrend - Muddy Waters Research published a report on $TAL. You can download the report here:...
Price to Cashflow: 131 Price to Sales: >8 Price to Book: >10 Gained >25% on barely any volume