TAL Education may fall to 8.60 - 9.10

Our pivot point is at 11.6.

Our preference

The downside prevails as long as 11.6 is resistance.

Alternative scenario

The upside breakout of 11.6 would call for 12.4 and 12.9.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 11.2155 and 12.0178).

Supports and resistances

12.9 **

12.4 *

11.6 **

11.3

10.43 (USD-last)

9.5

9.1 **

8.6 *

8.2 **

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