TAL Education may fall to 6.72 - 7.26

Our pivot point stands at 9.83.

Our preference

The downside prevails as long as 9.83 is resistance.

Alternative scenario

Above 9.83, look for 10.75 and 11.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 9.8485 and 10.4362).

Supports and resistances

11.3 **

10.75 *

9.83 **

9.46

9.06 (USD-last)

7.8

7.26 **

6.72 *

6.19 **

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