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- Chinese stocks like TAL are seeing a boom as the covid restrictions are getting over
- Technical indicators of TAL stock price suggests a consolidated trend. The stock price is currently trading near the value of $6.61
TAL is a leading smart learning solution provider in China which also has a strong global foot print.TAL education Group started as an after school tutoring service in China but now it provides a large range of services.TAL holds close to the core development goals of being technology-driven, talent-centered, and quality-focused. Since its establishment, TAL has been committed to integrating the internet and technology into education to deliver a better study experience for children.They have also been empowering education companies around the globe through their investment strategy.
TAL stock price is just 10% away from crossing its 52 week high. The current market cap of the stock is 4.28Billion. It has an EPS of -1.176 and is seeing strong growth. Various analysts are expecting strong growth in the future.
TAL Stock Price Is Ready For A Strong Upside Trend
Chinese stocks are seeing a strong booms after the removal of covid restrictions. TAL stock price is looking to see a new high. On coming to the daily chart the asset price is currently trading near the value of $6.61 with a gain of more than 9.62% in the intraday session. TAL stock price is also seeing a strong volatility in the past few days. The upside momentum of TAL can see a halt near the value of $7.2. The downside trend of the asset price can see a halt near $5.5. The asset price is currently trading above the 50 and 100 Daily Moving Average. If it sees a positive crossover then it can push the price to a new high in the future.
Conclusion
TAL stock price is currently few inches away to cross its 52 week high. It is seeing a strong upside trend which can push it to a new high in the future.
Technical Levels
Major Resistance:$8
Major Support: $6
Disclaimer
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Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
