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baderocks2
Jul 9, 2018 1:11 PM

IQ long term buy Long

iQIYI, Inc.NASDAQ

Description

buy

Trade active

5 points in profit

Trade active

$7 in profits
Comments
shimonben
Long term is a buy ... but, it seems that Q2 earnings doesn't look good aicody.com/articles/stocks/iqiyi-inc-internet-it-online-services-stock-analysis-june-2018-06eaa884ccd670b0
kylevd23
What's your take on today's red day?
baderocks2
@kylevd23, That is to be expected. If we manage to go above 40, then we can definitely hit the all time high of 46
PickStockWinners
I think you need to make your demand zones smaller, 4 dollars is a massive range.
baderocks2
@PickStockWinners, Thank you for the comment. In reference to the zone drawn between 22-26, I've done that because I would rather take it as a whole zone rather than split into 2 different zones
PickStockWinners
@baderocks2, I guess it depends on your trading strategy, I personally would split it into 2 demand zones particularly concentrating on the wicks, that's where your buy orders are. But I like the levels drawn none the less. (OTA student) :)
baderocks2
@PickStockWinners, No range is too big if your target is set right, as part of your R:R analysis. a $4 risk is fine if your target is $12, or more.
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