TAL/N trade ideas
$TAL Rejection at major resistance. Continued downtrend expected$TAL Chinese educational stock. hard rejection at major resistance. Chinese regulations on privatized education causing major negative consensus and panic. Downtrend expected to continue.
Large flow of put sweeps 72.21 O/I
$25 Puts $1.95 EXP August 20, 2021
TAL Education Group 🧙Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth quarter fiscal 2021, TAL's small classes account for 53% of its revenue, one-on-one 6%, and Xueersi.com 32%. Its tutoring services cover the core academic subjects in China’s school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 101 cities in China and a total of 1,098 learning centers. In fourth-quarter fiscal 2021, current normal priced long-term course student enrolment was 6.7 million.
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TAL Education Group 🧙Founded in 2003, TAL Education is one of the leading K-12 after-school tutoring providers in China. The firm offers tutoring services to students from pre-school to the twelfth grade via small classes, one-on-one personalized premium services, and online courses. In fourth quarter fiscal 2021, TAL's small classes account for 53% of its revenue, one-on-one 6%, and Xueersi.com 32%. Its tutoring services cover the core academic subjects in China’s school curriculum, such as Math (K-12), English (K-12), Chinese (K-12), Physics (Grade 8-12), Chemistry (Grade 9-12), and Biology (Grade 10-12). TAL's learning centers currently cover 101 cities in China and a total of 1,098 learning centers. In fourth-quarter fiscal 2021, current normal priced long-term course student enrolment was 6.7 million.
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$TAL can fall in the next daysContextual immersion trading strategy idea.
TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $66,93;
stop-loss — $78,07.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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TAL uptrend breakout (Fibs and Ascending Triangle)The Upper Orange lines are the 1.272 fib extension levels from previous high
The Upper Yellow lines are the 1.618 fib extension levels from all time highs
The Red lines are the ascending channel trend that the price action has been following during the current uptrend
The projected time frames of price targets are based on the previous time decay from Lows-to Highs-to Lows
The ascending triangle pattern is not charted but the low is $61 and breakout area is located at the indicated buy zones
Ascending triangle pattern = $81-$61= delta of 20
$81+20 = Price target of $101
TAL - swing sell set up - Elliottwave analysisTAL - It has completed impulse within 4 hr time frame at last swing high as shown in chart. It is now within correction as WXY is the pattern of correction as double zigzag down. It is in Y wave and C of Y is in progress, so sell it with stops above 76.50 for target below 69 as swing sell trade idea. You can ask for regular updates for same idea or others too.
TAL Education Group (TAL - NYSE) - Impulse wave patternTAL Education Group (TAL - NYSE) is in impulse wave up. In weekly time frame it is in 5th wave as shown in chart. In daily it is in 5th internal of 5th wave where 4th internal wave was triangle. In 60 min time frame, it is about to complete 3rd wave and 4th wave correction thereafter will start moving down, which probably sharp or complex as 2nd wave was irregular flat. 5th will probably start within 2-4 trading days.
$TAL Strong Consolidation Triangle | $4.33 / -$11.12 RiskTAL looked a local maxima in Wednesday's trading but further fed what seems to be a strong consolidation triangle. At a larger view it already seems to be a confirmed head and shoulders with rapidly declining volume; suggesting any upwards momentum is only temporary. Paired with bad press, TAL isn't looking like a strong buy at the moment despite previous years earnings.
Boundaries
If upside triangle break will progress to 59.70 before meeting further resistance
If downside triangle break will decline to 44.24 before rebounding.
Risk / Reward
If long, upside gain for $4.33 (8%) for potential loss of -11.12 (-20.1%) in long
If short, inverse of above, gain of $11.12 and potential loss of $4.33