NASDAQ:IQ   IQIYI INC SPON EACH ADS REP 7 ORD SHS CLASS A
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9
Uptrend was broken by the breakdown candle, price unable to recover the trend. Looks like this may be the downtrend that has started, a test and fail of the breakdown candle should confirm the downtrend.
Comment: 5/8/2018 Goldman Sachs Group Initiated Coverage Buy $23.00

4/25/2018 Bank of America Initiated Coverage Neutral $21.00

4/24/2018 Citigroup Initiated Coverage Buy $22.00 Low
Comment: Resistance reached, want to see a retest and fail before it goes down.

Comments

wow these are such garbage arbitrary channels
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a show called "Rap of China" by IQ just launched on july 14 and is trendy show in china now. i think it gonna push the price of IQ up
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I like your read on this chart... I started a position yesterday on strength and it seems to be playing like you suggest. I'll keep an eye on mine and of course hope I'm right. But, if it drops below $34 on a close I will be taking the side of the trade. Good work! I always like to see other peoples work especially when it disagrees with mine... makes me think.
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@jaxdog, good thinking!
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As it get closer to earning i expect price to go upward and we already know what will happens after that
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