TAL Education may rise to 10.95 - 11.50

Our pivot point stands at 8.26.

Our preference

Short term rebound towards 10.95.

Alternative scenario

The downside breakout of 8.26 would call for 7.35 and 6.81.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 9.594 and 10.2092).

Supports and resistances

12.07 **

11.5 *

10.95 **

10.39

9.01 (USD-last)

8.62

8.26 **

7.35 *

6.81 **

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