TAL trade ideas
TAL - Long IdeaNice trend up and now earnings are out of the way. Positive. HLs but no HH yet today. In at 37.69. Long-term uptrend. Moving average cross. possible re-test of support level of $36.24 and then up.
Bullish Tal - China Education StockTAL - Education stock, possibly online education - B/O pullback to resistance. Has large overhead open gap to fill.
Long a break of pivot 36.35 area Price compessing nicely with 20 day ema support. long a break of the pivot line
TAL: Continued bearish thesis, downward parallel channel In August , TAL formed head and shoulders, which I thought should result in a breakout upwards. But that has failed.
In September , TAL dropped to fib 61.8 level, and support at 200EMA. At that time, the thesis has turned bearish.
As of today in October, short thesis has remained true.
As expected, TAL dropped further below $25
Inverse head and shoulders cause breakout downwards
Moving in a downward channel
Expect to continue movement downward within the channel, unless breakout of (1) 20EMA resistance level; and (2) upward boundary of resistance of downward channel.
TAL S3?LIf support doesnt hold, strong short. Low risk/High reward
Open short 24.30, stop lose 27.5
Increase short at 21.40 and 18.
TAL S3?Is support doesnt hold, strong short.
Open short 24.30, stop lose 27.5
Increase short at 21.40 and 18.
TAL at Fibonacci 61.8 key support level but above 200EMATAL is at key support level 61.8 Fibonacci retracement, very similar to FB's 22% drop post-earnings.
If TAL is able to close on top of 200EMA - the market remains bullish on the stock.
Depends on the coming days, I think the chances are high - MW already published 4 parts of their short thesis around accounting fraud of TAL's acquired business (i.e. not its core business), short seller's attack in June also does not seem to show much impact, and short interests are at +13% post TAL's missed earnings.
Will monitor for next few days before entry. Overall still long.
