How the (EDU) price action is used to our Advantage
March 22, 2024, 03:06 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EDU
- Buy EDU slightly over 88.63 target 97.39 stop loss @ 88.37 Details
The technical summary data tells us to buy EDU near 88.63 with an upside target of 97.39. This data also tells us to set a stop loss @ 88.37 to protect against excessive loss in case the stock begins to move against the trade. 88.63 is the first level of support below 94.41 , and by rule, any test of support is a buy signal. In this case, support 88.63 is being tested, a buy signal would exist.
- Short EDU slightly under 97.39, target 88.63, stop loss @ 97.67 Details
The technical summary data is suggesting a short of EDU as it gets near 97.39 with a downside target of 88.63. We should have a stop loss in place at 97.67though. 97.39 is the first level of resistance above 94.41, and by rule, any test of resistance is a short signal. In this case, if resistance 97.39 is being tested, a short signal would exist.
Swing Trading Plans for EDU
- Buy EDU slightly over 95.99, target 97.39, Stop Loss @ 95.71 Details
If 95.99 begins to break higher, the technical summary data tells us to buy EDU just slightly over 95.99, with an upside target of 97.39. The data also tells us to set a stop loss @ 95.71 in case the stock turns against the trade. 95.99 is the first level of resistance above 94.41, and by rule, any break above resistance is a buy signal. In this case, 95.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EDU slightly near 95.99, target 91.47, Stop Loss @ 96.27. Details
The technical summary data is suggesting a short of EDU if it tests 95.99 with a downside target of 91.47. We should have a stop loss in place at 96.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 95.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for EDU
- Buy EDU slightly over 96.11, target 97.39, Stop Loss @ 95.89 Details
If 96.11 begins to break higher, the technical summary data tells us to buy EDU just slightly over 96.11, with an upside target of 97.39. The data also tells us to set a stop loss @ 95.89 in case the stock turns against the trade. 96.11 is the first level of resistance above 94.41, and by rule, any break above resistance is a buy signal. In this case, 96.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short EDU slightly near 96.11, target 93.83, Stop Loss @ 96.33. Details
The technical summary data is suggesting a short of EDU if it tests 96.11 with a downside target of 93.83. We should have a stop loss in place at 96.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for New Oriental Education & Technology Group Inc. Sponsored Adr Representing 10 (cayman Islands) (EDU) available here: EDU.
EDU Ratings for March 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
80.11 |
| P2 |
93.83 |
91.47 |
88.63 |
| P3 |
96.11 |
95.99 |
97.39 |
AI Generated Signals for EDU
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The New Oriental Education & Technology Group Inc. Sponsored Adr Representing 10 (cayman Islands) (NYSE: EDU) data table below can help you with price action, and we have more details too. Trading plans for EDU are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EDU:
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