Get started
jkaspar11

IQ to consolidate in larger wedge pattern before moving higher?

Long
iQIYI, Inc. (NASDAQ:IQ)  
jkaspar11  
NASDAQ:IQ   iQIYI, Inc.
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Looks to me that $IQ will consolidate for the next few weeks in a larger wedge pattern. The stock has doubled in a short time, now it needs a break for the next move up. I believe major support will be found at $34.50, and where I have a buy order at. Then it will trade within this wedge pattern before making the next $15 move up.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.