iQIYI, Inc.
Panjang
Telah dikemas kini

IQ (elliot wave with ABC correction)

403
IQ is ready to go again.

It's a young Chinese stock, apparently the Netflix of china with better features and we all know how Netflix is doing.
Nota
syot kilat

IQ is currently lacking volume (interest), this stock needs some good news for it to break out of this downward channel (purple).

possible bear flag forming (Red)
Nota
syot kilat

Bear Flag was broken
.786 Fibo was retested
trendline broken

I will be looking for this Stock $25-$27 and re-accessing
Nota
syot kilat

Buy order at $27 on the .236 Fibo
Nota
syot kilat
Nota
Seems like IQ is best trading on the 2 hour chart
We saw it consolidating around the .786 Fibo
Rejected the 200 EMA where: (perfect time to buy)
- RSI did a tipple bottom
-Mac D was going up

Moving Forward, potential entry at $33

Penafian

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