TAL Education may rise to 12.10 - 12.50

Our pivot point stands at 9.6.

Our preference

Short term rebound towards 12.1.

Alternative scenario

Below 9.6, expect 8.8 and 8.4.

Comment

The RSI is below 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 10.496 and 10.9334).

Supports and resistances

13 **

12.5 *

12.1 **

11.6

10.33 (USD-last)

9.9

9.6 **

8.8 *

8.4 **

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