TAL EDUCATION (TAL) - Rectangle Break Out on Weekly
Tal Education broke out of the range it has formed over a year.
This stock popped last week due to start of coverage from Goldman Sachs.
It operates in after school tutoring in China, which is a norm in Asia and a huge market.
Looking for a retest around 10.30 - 10.50.
Stops can be placed below 9.50 (10 weekly EMA).
No traffic till 17 but we can take 16 as the rectangle range target.
This stock popped last week due to start of coverage from Goldman Sachs.
It operates in after school tutoring in China, which is a norm in Asia and a huge market.
Looking for a retest around 10.30 - 10.50.
Stops can be placed below 9.50 (10 weekly EMA).
No traffic till 17 but we can take 16 as the rectangle range target.
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