I got in after it broke the down trendline. Got in at 14.11. Hope to see atleast 16$ shortly then as you said minimum $20. Its big drop was due to a margin call and fallout of Archegos.
IQ's fall in price had no basis. their business have been making positive strides (seekingalpha.com/news/3699407-iqiyi-gets-bullish-ubs-upgrade-on-revenue-breakthrough)// $26 looks more likely than the PT $20. Since BIDU took IQ to the public market I have a view of IQ (11.26B) comparable to NFLX(222.9B). Asides from the risks associated with the CCP and the issues with China ADRS. I think IQ could stand to be a real winner. 200 long/ 17 SEP $15 // // but with a minimal appetite for it falling bellow $12.50