With a reasonable ER and chart looking primed, I am continuing to build my long position in this area. Ive kept plenty of dry powder for a drop to the 29 region and will load heavy there. A stop below the lowest order block provides an excellent R:R for buying here. Maybe I'm being naive but seeing instituitons downgrade IQ seems like a contrarian indicator to me as well. Lets see :0)
Happy Trading!!
Happy Trading!!
Comment:
Good Morning, as you can see my stop alert triggered on friday. However, due to a bear divergence forming, and this drop being low volume, I have decided to stay in the trade. I now have my eye on June 6 low for invalidation