Hello fellow traders and investors, here's another trade idea.
IQ has recently pulled back to the common support area, if IQ makes a recovery to the take profit area it offers a 45 to 65% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the EMA's and the Macd crossover
When To Sell:
I recommend selling at the take profit area.
Fundamentals: IQ is an Asian online streaming service provider. Their P/S is 2.89 which is quite good, a debt/equity of 2.22 which is very bad, a sales growth Q/Q of -0.50%, an earnings per share growth of 39% Q/Q, a profit margin of -23.70% and I do have to warn that this stock is quite volatile.
Rating: 50/100 the technicals look really good but the fundamentals aren't very good with a lot of debt, a profit margin of -23.70% and sales growth of -0.50% Q/Q their fundamentals aren't great.
NOTE: There's a resistance around the 200$ area.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
IQ has recently pulled back to the common support area, if IQ makes a recovery to the take profit area it offers a 45 to 65% ROI.
Technicals:
The Macd indicates that it's oversold
The EMA's are in a downtrend
The RSI is oversold
When To Buy:
When the EMA's and the Macd crossover
When To Sell:
I recommend selling at the take profit area.
Fundamentals: IQ is an Asian online streaming service provider. Their P/S is 2.89 which is quite good, a debt/equity of 2.22 which is very bad, a sales growth Q/Q of -0.50%, an earnings per share growth of 39% Q/Q, a profit margin of -23.70% and I do have to warn that this stock is quite volatile.
Rating: 50/100 the technicals look really good but the fundamentals aren't very good with a lot of debt, a profit margin of -23.70% and sales growth of -0.50% Q/Q their fundamentals aren't great.
NOTE: There's a resistance around the 200$ area.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
