IQ still more downside before picking back up
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...
On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff. Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk...
Seems like IQ will be going down till End of August. Expect a pull backup in Sep.
.. model example of a capitulated stock (at least for the time being).
This is highly bullish.. I would not be surprised if it gets back to the highs. Looking for entry for tmw. Let me know your thoughts. Looking at $40 strike for next month. Possibly small size for $35 weeklies.
Looks like this one may be bottoming out from retracement. Looking for a higher low to form and then a higher high break through both dotted lines. Green arrow represents long positions. green box represents sell region based on 1.618 fib as well as the prediction of this to form a LARGER long term tightening pennant possibly reversing near green zone. SL is at...
MSR in IQ? Do your DD but the idea is that is going to bounce hard...
$IQ expecting a bounce in the near term. Break through the 50d ema will be key. Looking like a possible down trend breakout followed by eventual retest of that line today. I'm bullish near term.
Stock has had more than a 30% pullback, Look for the stock to consolidate around the $30 mark and then move higher. #buythesalsa
Finally IQ has seen a nice dip most likely due to profit taking on the online retailer sales tax news. My guess is she continues a bit lower, especially if the low of June 15th's candle ($37.57) is taken out. Here is my current plan to initiate a new position on the way down.