REDU(RISE Education Cayman Ltd) has just hit the first target (primary downtrend line) for a quick ~31% profit (or a 45% gain, if taken where it was highlighted in Tuesday’s video with the suggested “shotgun” approach). As I’m not seeing broad participation in the sector yet, rather just a few of the individual stocks I’ve highlighted in the Education & Training Services sector popping here & there, one might consider booking partial or full profits here at resistance or raising stops to protect profits at this time. Daily chart below.
REDU daily Feb 17th
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