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
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This was an easy long. i am taking off my profit here. and opening a strangle both way for july 19.