TAL Education may fall to 9.10 - 9.80

Our pivot point stands at 13.3.

Our preference

Under pressure below 13.3.

Alternative scenario

The upside breakout of 13.3 would call for 14.4 and 15.1.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 12.8785 and 12.1916).

Supports and resistances

15.1 **

14.4 *

13.3 **

12.8

11.83 (USD-last)

10.4

9.8 **

9.1 *

8.5 **

Number of asterisks represents the strength of support and resistance levels.