TAL Education Group (TAL) / Discovery Communications, Inc. (DISCK) Eduacation / Broadcast Radio And Television Entry:
- nicely above rising 40week MA - since breakout in late 2015, RSI never came below 50 - MACD bullish cross?
Levels drawn according to weekly chart. Earnings will either confirm or negate a trade (4/26). Entry 39.03 Stop 37.62. Target > $42. Will be interesting to watch price action prior to earnings...
TAL has formed a a pennant. MACD, OBV, and stoch RSI all look good. Lower time frames all look good too.
TAL could breakout if it can break thru 30.50 and maintain above.
REAL THE CHART!!!! LIKE ACTUALLY READ IT! p.s... short everything i buy
This is the chart I am using to trade. It gives good support and resistance zone.
I will be finding a long position soon. I am mostly bullish however, if it doesn't follow the prediction, I wont hesitate to short this one! *I am not good at harmonics, however I think this is forming a bullish bat pattern. The fundamentals of the company is solid. My regular analysis also agree with the bull hypothesis. IMPORTANT: Remember stock market is a...
China stocks being punished on news. Downside potential.
TAL should breakout after $32. The MA lines can be your guide for buy on dips.
Nice bounce off trendline support. #1 IBD stock this week.
Don't go aggressive on any stocks at the moment due to the face that markets are under pressure. Keep an eye on this one you might want to establish a small position and add up if it moves up. Check for higher than normal volume on the breakout. Happy Trading :)
Great symmetrical triangle breakout on large volume today, position added