New Oriental Education could exceed the symbolic threshold of USD 33.7.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 21.1% on the current year, with a net margin of 14.2%. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward USD 33.7 and to breakout this level soon.

Therefore, investors will benefit from the signal given by the crossing of the USD 33.7 resistance to take a long position in the stock. The objective will be set at USD 36 (computed by the swing effect). Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.