rickhubbard10

TAL uptrend breakout (Fibs and Ascending Triangle)

Panjang
rickhubbard10 Telah dikemas kini   
NYSE:TAL   TAL Education Group
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
Dagangan ditutup secara manual:
Sold 19 Feb 21 $90 call at confirmed lower high after price target of $88.75 was reached at $88.50
Sold 19 Feb 21 $95 call at following lower high
Komen:
Comment: There is still some significant supply above the 1.272 extension and the price action quickly equalized the supply/demand imbalance between $87.50 and $88.25 today. If price action cannot break above that $88.50 and hold there are 2 possible lower imbalances to be equalized from $83.75 to $86 and from $81 to $83.
Komen:
Komen:
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.