Date: October 2, 2024
Broker Name: CGS International Securities
Company Overview
New Oriental Education & Technology Group Inc (9901) is a Hong Kong-listed company that provides educational services in China. The company is a well-known name in the education sector, offering a wide range of educational programs, including test preparation, language training, and tutoring services.
Stock Performance and Entry Points
As of October 2, 2024, New Oriental Education & Technology Group Inc is identified as a technical buy. The broker suggests multiple entry price levels for investors, reflecting a strategy focused on accumulating the stock during market pullbacks.
Risk Management: Stop Loss
To manage downside risk, the report suggests a stop loss level at 42.60, providing protection in case the stock’s price moves below expectations.
Target Price Levels
The report outlines four target price levels for the stock, offering a clear roadmap for potential gains based on technical analysis. Each target suggests an incremental increase in the stock’s price as it continues to perform well.
- Target 1: 76.12
- Target 2: 80.50
- Target 3: 90.40
- Target 4: 102.50
Analyst Commentary
The report suggests that New Oriental Education & Technology Group Inc is positioned for potential upside based on its current technical setup. The entry prices and target levels are structured to allow investors to capitalize on expected growth while managing risk with the recommended stop loss.
