NEW ORIENTALDRN forum
9901 Technical Buy Opportunity for New Oriental Education & Technology Group Inc (9901) Amid Strong Growth Signals
Stock Performance and Entry Points
As of October 2, 2024, New Oriental Education & Technology Group Inc is identified as a technical buy. The broker suggests multiple entry price levels for investors, reflecting a strategy focused on accumulating the stock during market pullbacks.
Entry Price(s):
62.00
52.70
48.50
Risk Management: Stop Loss
To manage downside risk, the report suggests a stop loss level at 42.60, providing protection in case the stock’s price moves below expectations.
Stop Loss: 42.60
Target Price Levels
The report outlines four target price levels for the stock, offering a clear roadmap for potential gains based on technical analysis. Each target suggests an incremental increase in the stock’s price as it continues to perform well.
Target 1: 76.12
Target 2: 80.50
Target 3: 90.40
Target 4: 102.50
EDU testing trendline resistance on hourly timeframe. Wait for rejection or breakout and retest!