Technically
Most people don't use the Hull MACD and it is an interesting creature. The convergence here is very strong and I think predicts a full reversal in the downtrend in price. We see that IQ has been mostly flat over the last 4-6 days visually (not percent-wise) and the Hull MACD just reinforces the fact we have found a local bottom. SHortly I expect we will see a bullish cross on the daily normal MACD as well.
Fundamentally
Free and publically availibe data for broadband penetration is somewhat scarce, and there are a lot of caveats that exist when using wikipedia based sources, but in 2014 China ranked 66th for fixed lone broad band penetration and 77th for mobile/cellular broad band penetration.
Also, the growth of IQ before it went public is impressive:
It seems clear that IQ will continue to have exponential growth as China both improves its broadband penetration and as the existing market adopts it as their web-based streaming platform.
Most people don't use the Hull MACD and it is an interesting creature. The convergence here is very strong and I think predicts a full reversal in the downtrend in price. We see that IQ has been mostly flat over the last 4-6 days visually (not percent-wise) and the Hull MACD just reinforces the fact we have found a local bottom. SHortly I expect we will see a bullish cross on the daily normal MACD as well.
Fundamentally
Free and publically availibe data for broadband penetration is somewhat scarce, and there are a lot of caveats that exist when using wikipedia based sources, but in 2014 China ranked 66th for fixed lone broad band penetration and 77th for mobile/cellular broad band penetration.
Also, the growth of IQ before it went public is impressive:
- In mid-2015 the site had 5 million subscribers,
- in late 2015/early 2016 it had over 10 million
- and by June 2016, it had 20 million.
It seems clear that IQ will continue to have exponential growth as China both improves its broadband penetration and as the existing market adopts it as their web-based streaming platform.
Comment:
Ok, its been a week and we can see that the floor has held so far. We just had a bullish MACD cross on the 4h which needs to be watched to make sure it develops appropriately, and I also hope to see us go above the 13 then 48 period moving averages here shortly.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
