The Moving Averages are Saying Buy China Online Education Group (ASX:COE)’s Shares – Auburn Digest

Posted: September 15, 2019 at 2:24 pm


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China Online Education Group (ASX:COE) has returned 17.69911504 after closing at $ in the recent session. The stock is looking to return closer to the 52-week high of $9.78.

Many investors may strive to be in the stock market when the bulls are running and out of the market when the bears are in charge. Investors often use multiple strategies when setting up their portfolios. Some may rely solely on fundamental analysis, technical analysis, or a combination of both. Investing can be an extremely tough process. Individual investors often strive to gather and analyze vast amounts of information in order to make educated decisions. Often times, investors may have initial success in the stock market, and then things may turn sour. Confidence may be necessary to make the tougher decisions, but overconfidence may lead to an underperforming portfolio. Overconfidence may cause the investor to make poor decisions because they are relying too heavily on personal interpretations.

Taking a look at some key pivot levelswe note that the one month Pivot Woodie support stands at 4.51255 while 1-month resistance level is at 6.78745. On the other hand shares would see support at the 1-month pivot woodie of 4.51255 and resistance at 6.78745. One of the key differences in calculating Woodies Pivot Pointto other pivot points is that the current sessions open price is used in the PP formula with the previous sessions high and low.

China Online Education Group (ASX:COE)ran 1.45137881 after opening at $6.9. 3120 shares traded hands for the 135705200 market cap company.

Diving into some additional pivot points we note that the Fibonacci S1 stands at 4.22595487 while the R1 resistance number is 5.96397847. The S1 Camarilla pivot is 5.4414675 while the R1 resistance is 5.8585325. The Demark Pivot is as follows: R1 resistance is 6.9399 while S1 support is 4.665.

China Online Education Group (ASX:COE) shares hit a high of 7.55 within the past month while touching a low point of 3.68 over the past 30 days.

Turning tosimplemoving averages, China Online Education Group, the below chart outlines the current numbers:

10-Day Simple Moving Average: 6.4746520-Day Simple Moving Average:5.52182530-Day Simple Moving Average:5.169850-Day Simple Moving Average:5.364596100-Day Simple Moving Average:5.979444200-Day Simple Moving Average:6.0014155

Consensus Rating:Strong Buy

Turning toBollinger Bands, the upper 20 band holds at 7.97860974 while the lower is currently 3.06504026. The average volume over the past 3 months is 9317.755556 compared to the 10-day average of 34078.5.

Other moving averages that have been taken intoconsideration in order totry to figure out the potential direction of the shares include the Hull Moving Average. The Hull MAcurrently reads 7.29800963. The Positive Directional Indicator is at 43.68508399. The volume weighted moving average stands at 6.31355432.

Changing lanesover to oscillators, wesee that the Aroon Up oscillator iscurrently 64.28571429 while the Aroon Down shows 7.14285714. These are useful in determining if a reversalmight be in the near future. Given the Ultimate Oscillator number of 66.03223818 and ParabolicSAR number of 5.96415999, combined with other variables, China Online Education Group (ASX:COE)places the shares on investors notable watchlists.

When dealing with the stock market, investors may seek to make trades that will limit regret and create a sense of pride. Often times, investors may be challenged with trying to figure out the proper time to sell winners or let go of losers. Of course, nobody wants to sell a winner if it looks like there may be more profits to be had. On the other hand, nobody wants to hold on to a loser for so long that severe losses pile up. Investors often need to assess their own appetite for risk. Some may be able to stomach large swings on a daily basis. Others may not be able to take the volatility when dealing with riskier investments. Risk decisions may be made on past outcomes, and investors who have experienced previous profits and gains may be more likely to take a bigger risk in the future. Those who have only seen substantial losses may be more risk adverse in the future.

Investors will be closely watching to see if the firm can move towards the $25.24 time high as the Bull Bear Power number stands at 1.02206113.

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The Moving Averages are Saying Buy China Online Education Group (ASX:COE)'s Shares - Auburn Digest

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September 15th, 2019 at 2:24 pm

Posted in Online Education




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