TAL is down 77% since feb 19 this year following some regulatory news surrounding the education sector in china. It was at a high of $90, currently trading just under $24.
When stocks trend they never go up or down in straight lines, they have retracements where people take profit or attempt to catch a reversal. The larger the moves/timeframe the larger the retracements that can be seen. In the chart above is the 30min chart zoomed out to show 2 large leg downs marked with yellow trendlines . The first which started after the news came out lasted from $90 to $50 before retracing 38% to 65ish.
The current leg down has lasted from $65 to ??? 20ish. We dont know for sure if the recent trend line break is going to mark the start to a retracement but it may be worth a shot as another 38% bounce would put TAL into the high $30's.
If any positive news were to come out regarding TAL i would consider investing in this company for a longer run to see a possible 50%-100% retracement.