Shortly after the update in yesterday’s video, the REDU (Rise Education Cayman Ltd) swing trade hit the first price target for a quick gain of ~48% (or 170% from the initial entry/buy signal triggered on Feb 16th), consider booking profits or raising stops if holding out for additional gains. Due to the reasons mentioned in yesterday’s video as well as the fact REDU has negative divergence forming, T1 will be the final official target for this trade although one could raise/trail stops if holding out for the former T2 or T3 targets.
REDU daily April 20th