The stock of China Online Education Group (COE) formed H&SI with $7.16 price target or 3.00 % above the current $6.95 share price. The 9 months Head & Shoulders Inverse reveals low risk for the $141.74M company. This trade was featured by Faxor.com on Dec, 4. If the $7.16 target price is reached, the companys valuation will be $4.25 million more. Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry expertss backtests show that 55% of these patterns reach their targets.

The stock decreased 0.71% or $0.05 during the last trading session, reaching $6.95. About 1,000 shares traded. China Online Education Group (NYSE:COE) has declined 44.19% since December 4, 2018 and is downtrending. It has underperformed by 44.19% the S&P500.

More notable recent China Online Education Group (NYSE:COE) news were published by: Benzinga.com which released: Earnings Scheduled For September 11, 2019 Benzinga on September 11, 2019, also Seekingalpha.com with their article: Johnson Controls International plc (JCI) CEO George Oliver on Q4 2019 Results Earnings Call Transcript Seeking Alpha published on November 07, 2019, Seekingalpha.com published: China Online Education: Sitting On The Sidelines Seeking Alpha on November 07, 2019. More interesting news about China Online Education Group (NYSE:COE) were released by: Prnewswire.com and their article: China Online Education Group Announces First Quarter 2019 Results PRNewswire published on June 14, 2019 as well as Businesswire.coms news article titled: Mary Ellen Coe Elected to Merck Board of Directors Business Wire with publication date: January 29, 2019.

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. The company has market cap of $141.74 million. It operates online and mobile education platforms that enable students to take one-on-one live interactive English lessons with international foreign teachers. It currently has negative earnings. The company's flagship courses include Classic English and Classic English Junior for the development of English communication skills.

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Time to Buy China Online Education Group (COE) After The Completion of This Inverse H&S Pattern? - FinanceRecorder