TAL Education may fall to 8.50 - 8.90

Our pivot point is at 11.

Our preference

The downside prevails as long as 11 is resistance.

Alternative scenario

Above 11, look for 11.7 and 12.1.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 10.5285 and 11.3742).

Supports and resistances

12.1 **

11.7 *

11 **

10.7

10.05 (USD-last)

9.3

8.9 **

8.5 *

8.1 **

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