TAL Education Group (TAL)
By Wed, Jun 3, 2020
Hello everyone,
Last week we looked at Chinese videogame stock NetEase.
This week, we’re sticking with the Chinese internet stock train and looking at TAL Education Group (TAL).
I absolutely LOVE the relative strength here.
In fact, I love the relative strength out of Chinese internet stocks in general.
We were talking about Chinese internet stocks back in March when the market crashed, so I’m not surprised we’re still talking about it now.
Relative strength always shows through, so between that and a phenomenon risk reward ratio make this week’s recommendation a strong pick,
We are long in TAL above $60, taking profits at $72.50.
Below that $60 mark, we’re out.
Skewed risk reward ratio in our favor as always.
Til next time, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
