TAL Education may rise to 14.60 - 15.50

Our pivot point stands at 10.1.

Our preference

The upside prevails as long as 10.1 is support.

Alternative scenario

Below 10.1, expect 8.6 and 7.7.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 8.8915 and 8.9224).

Supports and resistances

16.5 **

15.5 *

14.6 **

13.7

11.39 (USD-last)

10.6

10.1 **

8.6 *

7.7 **

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