TAL Education may rise to 14.00 - 14.90

Our pivot point stands at 9.

Our preference

As long as 9 is support look for 14.

Alternative scenario

The downside breakout of 9 would call for 7.6 and 6.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 10.7945 and 9.2448).

Supports and resistances

15.8 **

14.9 *

14 **

13

11.04 (USD-last)

9.5

9 **

7.6 *

6.7 **

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