IQ if following NFLX's IPO price action. This can be seen throughout many of China's IPO's. Expect a sideways pattern into a breakout of some crazy magnitude. If IQ's breakout is identical to NFLX (740% Increase from the first bottom after the breakout), IQ Wave #1 = $380
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Important: China's Cycles are much quicker than the US cycles back in 2002 as expected. What took NFLX 4-5 years to do, has taken IQ 9 months.
Reasonable idea, I too expect a breakout in IQ once economic conditions stabilize, but we should expect a much smaller magnitude of upside potential compared to NFLX at IPO. IQ is currently sitting at $10.8 Billion market cap. NFLX IPO was at $300 million market cap. On top of this IQ has much more competition both in China and abroad than NFLX did when it IPO.
Cornhub
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really interesting analysis, I see IQ could be a long term holding stock w/ huge potential