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
Neworiental
EDU a "nonprofit organization"China's crackdown on for-profit education companies was a disaster for traders not using a stop loss.
In the 52 Week Range EDU New Oriental Education & Technology Group Inc. went from 19.9740 to 1.9400usd.
After-school tutoring institutions must transform themselves into "nonprofit organizations".
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!