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mansur7

TAL EDUCATION (TAL) - Rectangle Break Out on Weekly

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TAL Education Group (NYSE:TAL)  
mansur7  
NYSE:TAL   TAL Education Group
Chart Patterns Rectangle
3
0
chartpattern rectangle
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.
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