hockeysniper

IQ - Another beat in earnings?

Long
NASDAQ:IQ   iQIYI, Inc.
IQ is the "youtube" of China.

Last Quarter, they said it expects third quarter revenue of $1.18 billion to $1.25 billion.

The daily chart is a bottoming pattern, similar to $VIPS I just posted.

The POC is $15, I am looking .618 retrace to $11.95

Options - Its fairly even with put call ratio at .97, with $9.5 call and 8.5 put with largest OI

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