TAL Education may rise to 12.30 - 12.80

9.7 is our pivot point.

Our preference

Short term rebound towards 12.3.

Alternative scenario

The downside breakout of 9.7 would call for 9 and 8.5.

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 above its 20 day moving average (10.518) but below its 50 day moving average (11.1582).

Supports and resistances

13.2 **

12.8 *

12.3 **

11.8

10.59 (USD-last)

10

9.7 **

9 *

8.5 **

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