TAL Education may fall to 6.70 - 7.50

11.8 is our pivot point.

Our preference

Target 7.5.

Alternative scenario

Above 11.8, look for 13.3 and 14.1.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (10.3055) but above its 50 day moving average (9.1366).

Supports and resistances

14.1 **

13.3 *

11.8 **

11.2

10.12 (USD-last)

8.4

7.5 **

6.7 *

5.9 **

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