Nice trend up and now earnings are out of the way. Positive. HLs but no HH yet today. In at 37.69. Long-term uptrend. Moving average cross. possible re-test of support level of $36.24 and then up.
Hopefully see some upside in the coming weeks.
TAL - Education stock, possibly online education - B/O pullback to resistance. Has large overhead open gap to fill.
Price compessing nicely with 20 day ema support. long a break of the pivot line
In August , TAL formed head and shoulders, which I thought should result in a breakout upwards. But that has failed. In September , TAL dropped to fib 61.8 level, and support at 200EMA. At that time, the thesis has turned bearish. As of today in October, short thesis has remained true. As expected, TAL dropped further below $25 Inverse head...
If support doesnt hold, strong short. Low risk/High reward Open short 24.30, stop lose 27.5 Increase short at 21.40 and 18.
Is support doesnt hold, strong short. Open short 24.30, stop lose 27.5 Increase short at 21.40 and 18.