Tapping on the billion dollars business of education
It is a known fact that private education, coaching, tuition, extra-curricular activities like swimming, piano, etc are a large part of kids' activities in Asia. Be it Hong Kong, South Korea , Singapore or Malaysia, on each weekend , you will see parents acting as chauffeurs to their kids from one place to another, resting in between for meals before the next session.
Chart wise, we can see that this Company, New Oriental might be forming an inverse Head & Shoulder pattern, with the price falling to form the right shoulder before pulling back up.
If the price does fall and is supported, that could be a good price to enter for long.
Chart wise, we can see that this Company, New Oriental might be forming an inverse Head & Shoulder pattern, with the price falling to form the right shoulder before pulling back up.
If the price does fall and is supported, that could be a good price to enter for long.
Note
inching up nice and slowNote
a double top is formed. Let's see if it will breakdown from the trend line or continue to form another top to make it a triple top formation before coming down.Note
Drawing trend line is not static but adapting to the price action. You can see clearly that the bull trend is very strong and intact thus warrant buying opportunities
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.