EDU trade ideas
EDU- Earnings Bull FlagLooking like a nice set up for a breakout if you are willing to play earnings, I would like to say my target is 180-185 to evaluate the volume and possible new ATH test. I purchased 2x 2/19/21 $180 Calls @6.30.
Good luck and remember that the market will be a little unpredictable with the change of presidents and extended new highs! Be careful and good luck!
$EDU can rise in the next daysContextual immersion trading strategy idea.
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $165,46;
stop-loss — $158,78.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
The EDU share price breakout of resistance level.The EDU - New Oriental Education & Technology Group share price has touch $142.38 high on 14 February and low at $102.01 on 23 march, since then the price has recover around 39 per cent from $102.01 low to 52 weeks high to $148.75 and it breakout the resistance level of $142.38.
I suggest the price will pullback to it support level around $142.38 before it move up to the prediction price target around $155.87.
What New Oriental Education & Technology Group do,
Their mission is to inspire Chinese students of all ages to improve their lives and expand their horizons through a lifelong commitment to learning. By empowering students to achieve their potential, build self-confidence, and develop a global vision encompassing both traditional Chinese values and modern thinking, New NYSE:EDU Oriental is committed to training a new generation of business and community leaders.
$EDU Bullish pattern entry 95-101.8 Targeting 115-126One of good bullish chart pattern is about to be completed . if bounced On Monday from 101.8 and hold it by close then possible nice bullish run targeting 115-126-133 which is around 10-20-30% up . This pattern still to be confirmed so there is a time to check if its occurred with exact percentages still there are some gaps below specially above 69 . if Break down 101.8 on Monday then probable next stop at 95 if broken then 80. Volume showing nice increase during this year and its already outperform markets . when market bounce. this shall be good opportunity for longs .. The company was founded by Min Hong Yu and Yong Qiang Qian on August 2, 2001 and is headquartered in Beijing, China.
Tapping on the billion dollars business of educationIt is a known fact that private education, coaching, tuition, extra-curricular activities like swimming, piano, etc are a large part of kids' activities in Asia. Be it Hong Kong, South Korea , Singapore or Malaysia, on each weekend , you will see parents acting as chauffeurs to their kids from one place to another, resting in between for meals before the next session.
Chart wise, we can see that this Company, New Oriental might be forming an inverse Head & Shoulder pattern, with the price falling to form the right shoulder before pulling back up.
If the price does fall and is supported, that could be a good price to enter for long.
$EDU: Top of the range with odd fundamentals$EDU has tested and failed at the $108 level for the 3x in 20 months. Short-term price action has confirmed a break in the immediate trend.
This is a company which has sacrificed margins for earnings growth. Earnings growth is at +1 standard deviation while operating margins have crashed from 22.5% (end 2009) to a miserable 8.9%, at -2 standard deviation level. Either competition is too severe in the after school learning space (it is a very fragmented space) or $EDU has lots of under-utilized learning centers which is dragging on margins. Furthermore, you have a company whose operating profits growth is slowing while eps growth is increasing???
With funny numbers, weak markets, weak spending power in China, weak USDCNY (EDU earns RMB reports in USD) and near +1 standard deviation valuations, I smell blood.
EDU on it's way back to 106 HighEDU bouncing off bottom parallel of channel. Have a few intermediary price targets set (blue bubbles). Looking to see it retest the highs from the previous week, and then push up again to test the 106 high within the next month or so.
THIS IS NOT TRADING ADVICE, I'M NOT A PROFESSIONAL.
