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China Education Name Curling Higher as Breakout Nears

by | Nov 4, 2024

TAL Education (TAL) shares of the China education name are curling higher as it hits the ready to run scan and seeing a MACD bull cross higher as the stock had a strong 4% rally Monday with China names bouncing. Potential to see China’s government announce more details about their stimulus measures this week so a breakout above 11.75 can see a surge higher to retest the former highs last month near 13. The stock also has a longer term VPOC untested at 14.50 so that could be a bigger objective by year end. TAL still has 3000 Jan $10 short puts in OI from opening sellers back on 7/31.

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