NASDAQ:IQ   IQIYI INC SPON EACH ADS REP 7 ORD SHS CLASS A
Stock has had more than a 30% pullback,
Look for the stock to consolidate around the
$30 mark and then move higher.

#buythesalsa

Comments

what do you think for today and futurn? will under $30?
Reply
RickyCadan josiexiwang
@josiexiwang, maybe for the short term, it will consolidate at the $30 level then rise. It is a $50 stock in terms of the value of the company and expected growth, when people realise this (probably in the next 2 months) the stock will rise to new highs.
Reply
josiexiwang RickyCadan
@RickyCadan, look like today is a good point, above MMA. what do you think of above last high point about $34 this week? this one is really hot stock, the volume is huge everyday.
Reply
RickyCadan josiexiwang
@josiexiwang, i stand by what i previously said, we would chop up and down for a few weeks/about a month the n move higher :-) if we break $34, we will retest that level as a support, and then move higher
Reply
So a slow pull down to 30 right before the mid July ER report?
Reply
RickyCadan CheckEngineLight
@CheckEngineLight, Correct!, I mean we all knew this would happen, once it hit $45. It was in a wave 5. And jumped 200% in just over a Month. What goes up must come down. I am SUPER bullish on this stock long term though.
Reply
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