DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, MAGNEGAS APPLIED TECHNLGY SOL INC, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., UNITED STATES OIL FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Consolidation around here for 2-3month
In my previous Technical analysis for IQ I called this price point with a bearish Elliot wave.
That Elliot wave is completed and it is time to long IQ for it has very high potential like Netflix.
$IQ strong in a red tape, but a break below $25 support is bearish.
So I have left over put verticals 25/20 left over from legging and then hedging short puts in IQ all the way out to January. I decided to just go with a buy/write at the current price (just under 30) So I bought 200 shares and wrote 30 calls for 4.00 each......for a cost basis of 26 and downside protection at 25, which I will most likely take profit on the long ...
This is the netflix of China. This company has great fundamentals and is worth the long term hold.
The infamous 1 day chart.
when most people see an asset fall this much they are afraid to buy. not me. i see opportunity here with a great risk to reward potential.
This asset closed today on a doji reversal candle, very close to the 89.3% fib level while inside this wedge pattern/flag pattern. we are oversold on this daily chart as well. we dont have daily rsi ...
Been beaten down for a couple months now, for sure went up on hype, but long term hold here may suprise. if through first resist 19,64 then 22 and 28 in a flash. Will SQUEEEEEZE HARD
For a company that's pretty much like NFLX but available only in China and for their huge population, it's very undervalued at it's current price. While it might not reach as high in valuations as NFLX, it's still worth more than $50 a share. My sentiments on this is bullish for long term. And for the short term, it's as the title says. I feel it's very coiled as ...
There are so many combination for this trade:
0.618, demand zone, butterfly pattern.....
I will be willing to wait for reversal sign @ 23.00-24.00 spot, which is also a 50% discount from its peak.
Let's see how it goes!
WEDGE TO WEDGE
Keep an eye on
Do we find support somewhere here?
Forming inv h&s and looking good for 29. Coming in just few trading days imho.
NASDAQ:IQ has been in a downwards correction for the last 90 days. Now it's starting to look like we might start trending again based off pattern, & divergence. Maybe this becomes a bigger correction in the middle to go down? Any fundamentalists have any input on this one?
There's a buy setup brewing on the lower TF
Let's see what happens!
Currently have a very large position in IQ. Trend should turn positive soon. This is bull time, IMO.
Diverging rsi with support found at 38% fib. Looking long here
$IQ iQiyi Wedge, 0.5 Fib
Let me say first that I am positive for this company.
I also wish to add that I own stocks and I am waiting for more clarification to increase the position.
My target price is $50+
As to the technical analysis:
The first approach is the one of 5 Waves up.
We had 1,2 and 3, we may have seen 4 or we are close to the end of it, and waiting for Wave 5 up.
Above the ...