TAL Education may rise to 12.20 - 12.60

Our pivot point is at 10.

Our preference

Short term rebound towards 12.2.

Alternative scenario

The downside breakout of 10 would call for 9.3 and 8.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 10.7035 and 11.6142).

Supports and resistances

13 **

12.6 *

12.2 **

11.7

10.68 (USD-last)

10.2

10 **

9.3 *

8.9 **

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