$EDU since last post trending higher after Cup and handleNYSE:EDU trending higher after my earlier post in early Feb. Note another high volume which shows some institutional interest. IMO DYDD.
9901 trade ideas
EDU - New Oriental Education & Technology Group - BreakoutCompany info:
New Oriental Education & Technology Group, Inc. offers educational services. The Company offers foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries.
Earnings:
Earnings came out very strong this morning.
Revenue came in 869.60 and the street has looking around 814.
Earnings beat as well (surprise by 0.03).
Technicals:
The chart is breaking out of the pennant and with fundamental driver, this can be explosive.
Macro:
Overnight, there has been positive news out of China. PBOC lowered the reserve requirements by 50bps and there is growing expectation that stimulus is right around the corner, which should help Chinese stocks.
Will enter with the 5 min chart and update target along the way but initially run up to 100 looks promising.
$EDU Cup and Handle Looking potentially another good setup to enter for a rip. Hope you caught the NASDAQ:IBKR yesterday 😉😄.
EDU - New Oriental Education & Technology - BullishAccording to the market behaviour, EDU has been rising sharply on the one hour, five hours, daily, weekly, and monthly charts. Technical analysis indicates that the price can take some correction for next healthy gain, trader can buy it from the level between $70 to $72 and the next target will be $88, along with the stop loss of $62
Italian Translated:
Secondo il comportamento del mercato, l'EDU è in forte aumento sui grafici di un'ora, di cinque ore, giornalieri, settimanali e mensili. L'analisi tecnica indica che il prezzo può subire qualche correzione per il prossimo guadagno sano, il trader può acquistarlo dal livello compreso tra $ 70 e $ 72 e il prossimo obiettivo sarà $ 88, insieme allo stop loss di $ 62
German Translated:
Dem Marktverhalten zufolge ist EDU auf den Ein-Stunden-, Fünf-Stunden-, Tages-, Wochen- und Monats-Charts stark gestiegen. Die technische Analyse weist darauf hin, dass der Preis für den nächsten kräftigen Anstieg eine gewisse Korrektur benötigt. Händler können den Kurs bei einem Niveau zwischen 70 und 72 US-Dollar kaufen und das nächste Ziel wird bei 88 US-Dollar liegen, zusammen mit dem Stop-Loss von 62 US-Dollar
EDU 3% and RUN, or give it some time.If this will hold in range of the forming base that could be a IN signal.
Red Flag:
Volume could be higher
Chinese stock
1st PT - 3% - 39.80
OPT - 41.80
entry -38.65
SL - 37.71
Couldn't find any positive catalyst in sight... Just a TA play.
Watchlist 2023-05-02 $SPY $CHGG $EDU$UBER $LYFT $NCLH $TVTXAMEX:SPY - looking like it put in a suto h&S top PD with a look above the prior pivot high at 415.75 and a close below. IF SPY cannot get above 415.75 quickly and hold, I would be expecting a test of 412 in the session. IT could also be the case that positioning is mostly in as we await the FED policy rate decision tomorrow where they are expected to raise rates.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:CHGG - tumbled over 43% or 13.5 ATRs in premarket when it forecasted net revenue below analysts' estimates from weaker customer growth due to a recorded rise in student interest in ChatGPT. Many analysts downgrading the name as well. I think this move is unprecedented and there will be opportunities for a bounce trade. Historical support from 2017 is at 8.80, not sure I'd want to be catching a falling knife but it if fails to get below this level I would take a small starter position. However, if it gets below and quickly reclaims, that's a swing failure pattern for me and the buy is on the sequential pullback with wicks after the first bounce on high vol.
NYSE:EDU - another education software firm - looking for a sympathy trade on this name below 44.30
NYSE:UBER - triple earnings beat and raises profit outlook. 2.3 RVOL pd but only1.3 RVOL in the PM but it will get to 3 RVOl eventually today and these positive results. Trading near the upper end of the multi month consolidation. Would like to see some profit taking in open the a bounce off 35 pivot and PM support seems reasonable. However, we could blast higher being up only 2 ATRs, but on only 1.3 RVOL is suspect that is less likely with all the resistance above and 36.40 and 37.70.
NASDAQ:TVTX - Wedbush Lowers Travere Therapeutics' PT to HKEX:27 From HKEX:29 After DUPLEX Study Fails to Meet Efficacy Endpoints. Short under 17.75
NYSE:NCLH - Day 2 continuation over 14.65.
$EDU: Bearsh ABCD into Bearish ABCD BAMM with 98% DownsideThis stock looks like it's setting up to lose pretty much all of it's current value below the moving averages and the Bearish ABCD with Bearish Divergence along with Hidden Bearish Divergence on the Weekly. There's also the terrible Earnings and there's just no justifying how bad it is. If this Bearish ABCD plays out then i'd expect an ABCD BAMM Movement down to around $0.75 i'll play it via long-dated puts.
EDU: BOTTOMING PATTERN & GAP FILL PLAYEDU ( Chinese stock ):
I'm bullish Chinese stocks in general but I really do like the look of EDU.
A few reasons to keep a good look on EDU:
- price is now above all the moving averages on the daily chart;
- price is getting back above the Ichimoku cloud;
- there is a huge gap between $29.70 and $57.34;
- the weekly chart chart has the look of an inverted head and shoulders (but not really perfect).
Has EDU found a bottom? It looks like it.
Can we fill that gap? Not sure. However the chart looks promising.
The next resistance is at 29.70. If we cross 29.70 I would expect the price to accelerate to the next resistance of 50.27, then potentially fill the gap.
If we see weakness in the coming days, the next supports are at 24 and 22.
I would wait for the price to cross 29.70 before initiating a long position. My 1st target will then be around 50, my second target will be at 57.
Trade safe!
(This is no financial advice. Technical analysis is given to help you make your own decision. As always place a stop loss when you enter the position, and do not ignore risks of delisting for Chinese ADRs).
EDU Long Term 2029-2030test
New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the following segments: K-12 AST, Test preparation, and Other Courses, Primary and Secondary School Education, Online Education, Content Development and Distribution, Pre-School Education, Overseas Study Consulting Services, and Study Tours. The company was founded by Min Hong Yu and Yong Qiang Qian on November 16, 1993 and is headquartered in Beijing, China.
EDU – first attempt to fill the gapEDU had a fake breakout attempt to fill the big gap above 30.
Shift from down trend to uptrend and motive wave show us that the price could go higher and fill the gap.
Safe way to play this could be to wait for some reaction after a retracement around 20 - POC value –
1st TP half way –
2sd TP before gap is fully filled –
SL just under 0.65% FIB from motive wave
$EDU Breakout Level we getting near the breakout level around the 25$ , if we broke it , we going to see a huge buying pressure tell the next resistant and profit taking target around the 35$, if we got rejected at that resistant level we might see the price going down till above the 17$ support , and holding above this support , show that our stock still in bullish trend .
lucy football line hereeither this sucker breaks and holds 25 half or i look like an idiot on this dumb name for the 3rd time
New Oriental: A Sleeping Giant. I was attracted to this chart from a Technical Analysis point of view and reward: risk ratio on a potential trade. Price has finally found support at a previous Weekly level after dropping 95% from all time high. It seems as if there is more upside potential than downside potential.
I'm not going to buy here. If I buy, it will be at the fib levels outlined in the chart. A retest would show strength and could incentivise buyers to push volume to the EDU. I'm not sure if I will get that buy but I don't like to chase breakouts. I didn't know about this company until last week.
Reading more about the company and their annual report I was surprisingly impressed. Despite the huge drop in price, the company has actually increased revenue from 2020. They've total assets have doubled from close to five million US dollars in 2019 to 10 million US dollars in 2021. With that said there are some negative components such as decrease in Net Income and Net Profit Margin. Looking at their business model, providers of private education in China, this makes sense. Schools have been massively affected by pandemic.
Some big names have EDU in their portfolio, their largest five holders include Morgan Stanley, Blackrock, Vanguard, Goldman Sachs and Bank of America. According to Yahoo Finance it was also one of Ray Dalio's Bridgewater Associates top ten small cap stock picks. They increased their position size in Q4 by 24%.
Today's analysis on EDURenaissance technology Q4 added 14 million shares to New Oriental, EDU. The indicators show that the price in the falling channel. KDJ has death cross and Stoch RSI shows it is in overbought area. So it's not a good chance for individual investors to buy EDU.
What stocks to buy ?I think this is an Asian culture , not sure if our friends in the West feel the same way. Followers and friends in other parts of Asia like Thailand, Malaysia, HK, China and of course , Singapore have confided to me the stress that parents feel on each weekend.
No, not fretting over where to go for vacation (who has the mood these days with lockdown and heightened alert )but parents are busy ferrying their kids from one enrichment program to another. Name it and they have it ; from fencing to swimming to ballad class, language to coding, the list goes on.
How much is too much and are parents over feeding their kids with too much enrichment ? I think it is tough to answer this questions as each parent holds different values in their child upbringing.
But, indeed these are the pain points of the parents and collectively, it forms such a huge demand that companies like this New Oriental are raking in billions of dollars in China. Now, we are witnessing a 70% drop from its peak at 20 dollars to the current price of 6.40. I expect it to head south towards the support at 5.08.
Read the latest article here
I am not buying but merely watching as China is on a roll to clean up many industries especially the tech sectors.
EDU CHINA SAFEAggressive longs not had a proper higher tf level gain yet. Use a tight stop would be my suggestion.
EDU BuyI'm looking at a potential buy on FOLD with the potential for a nice gain. This is following my strategy requirements and it is also showing us some hidden bullish divergence also. This is just my opinion and idea for a stock, and this is not financial advice. Let me know what you think and let's see what happens with the trade tomorrow.
EDU MONEY GAPS FILL, plus earnings report hype could help. It already broke the wedge, which is very bullish. all we need a $2.55 break
New Oriental Records USD 4.27 billion Revenue in FY 2021AccordinAccording to the latest regulatory developments, it plans to shut down a certain number of learning centers in the fiscal year 2022.
The Chinese edtech giant released the audited performance report for the fiscal year 2021 on September 24
Revenue was USD 4.27 billion, a year-on-year increase of 19.5%.
The net profit was USD 230 million, a year-on-year decrease of 35.03%.
The net profit attributable to shareholders was USD 334 million.
The revenue of New Orientals plans and services in the fiscal year 2021 was USD 3.93 billion, accounting for 92.1% of the total revenue while the revenue of books and other services was recorded as USD 340 million, accounting for 7.9% of the total revenue.
The firm's business is mainly divided into seven categories, including K12 after-school counseling, examination preparation courses, adult language training, kindergartens, primary and secondary schools, textbook development and distribution, online education, overseas study consultation, overseas study tour and other services.
- New Oriental's revenue from K12 after-school counseling, test preparation and other courses was USD 3.66 billion, accounting for 85.8% of the total revenue, an increase for three consecutive years.
Online education revenue was USD 211 million, accounting for 4.92% of the total revenue, with a year-on-year increase of 37.91%.
- The revenue of kindergartens, primary and secondary schools, textbook development and distribution, study abroad consultation, overseas study tour and other services was USD 399 million, accounting for 9.33% of the total revenue.
- In terms of the number of students, as of the reported period New Oriental has 6.723 million students participating in extracurricular counseling courses for middle school and high school students, and 5.348 million students participating in extracurricular counseling courses for kindergarten and primary school students. There are about 390000 students enrolled in the preparatory courses, including 198000 overseas preparatory courses and 193000 Chinese preparatory courses. About 5000 students enrolled in the adult English course.
- In terms of the number of teachers, the financial report shows that as of May 31, 2021, New Oriental has employed 54200 teachers, mainly full-time teachers, followed by contract teachers.
In terms of expenses, the total operating costs and expenses of New Oriental during the reporting period were USD 4.159 billion. Among them, the revenue cost was USD 2.037 billion, the sales and marketing expenses were USD 600 million, the general and administrative expenses were USD 1.49 billion, and the impairment loss of intangible assets and goodwill is USD 31.79 million.
- In this report, New Oriental believes that the measures taken to comply with the 'double reduction' policy will have a significant adverse impact on the firms' business, financial condition, operating performance and prospects.
New Oriental said that it may take further actions on discipline counseling services in the stage of compulsory education in the near future to ensure its legal compliance, including closing some learning centers and layoffs when necessary, so as to maintain continuous operation.
Buy $EDU - NRPicks 18 JunNew Oriental Education &Technology Group Inc is a China-based company primarily engaged in the provision of educational programs, services and products. The company offers education to its students in online classrooms through its platform.
EDU shares have plunged this week as investors brace for the Chinese government's anticipated crackdown on the private tutoring industry. The government is expected to unveil a set of strict regulations designed to tighten controls over the sector.
Some analysts point out that approximately 50% of New Oriental Education's revenue should be unaffected by the changes, so a 25% or so pullback should be accompanied by a rebound in the share price.
EDU Consolidate and Moving UPI'm expecting to consolidate around 1.60 - 3.00 dollars for a while, then moving UP 8.00 - 12.00 dollars. Patience is the Key.
