IQBUSD bounced off the support area on June 22 and got back above the monthly 50 EMA on June 25. The pair made a sizeable upside move on June 30 and have been trading sideways since then. The pair is currently breaking out of both the down trendline resistance and current resistance areas. If it has managed to stay above both of the resistance zones, it may move...
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my chart is not used any skill. just mark the price.
IQ sits on multi-year support. Low RSI + high volume -> we got combo reversal set up here. If you like my idea hit the like button and subscribe to my profile. Good luck to longs. BTW I'm a big critic of shorting personally so I won't be publishing short ideas.
Watch the video for the Ultimate Stock Indicator Pro flashing a BUY
8 confirmations so possibility of a great run towards 2/25 earnings.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
One of the strongst IP of Iqiyi "I can I BB" just started its 7th season.
On the Contrary, its stock fell significantly after they announced their share issuing plan.
Compared to its peer BILI, IQ's stock had been terribly weak in the past 2 months,
it's not a very crazy idea to try to look for some long opportunities here.
Here we got this inside day after...