WallSt007

Long Iq

Long
WallSt007 Updated   
NASDAQ:IQ   iQIYI, Inc.
TradingView
Open position at $18.5
Stop loss at $17.5
Take profit at $20

Why this play?
As much as i would love to see a triple bottom for a long, I'm not sure we would get it. The china related stocks has been very beat up, especially IQ.
I have a seen a few of them reversal off already but iq hasn't really reacted much yet.
if we expect positive news on china trade deal, this would be a pretty good stock to go on long.
Trade closed: target reached:
This was an easy long.
i am taking off my profit here. and opening a strangle both way for july 19.

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