$EDU: Bearsh ABCD into Bearish ABCD BAMM with 98% Downside

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New Oriental Education & Technology Group, Inc. Sponsored (NYSE:EDU)

NYSE:EDU New Oriental Education & Technology Group, Inc. Sponsored

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This stock looks like it's setting up to lose pretty much all of it's current value below the moving averages and the Bearish ABCD with Bearish Divergence along with Hidden Bearish Divergence on the Weekly. There's also the terrible Earnings and there's just no justifying how bad it is. If this Bearish ABCD plays out then i'd expect an ABCD BAMM Movement down to around $0.75 i'll play it via long-dated puts.