Watching IQ this week
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IQ have a strong long look in this weeks, and have a potential to reject the 20EMA and bulls can re-start to enter.
I will enter a long position if i see one of this day that the Stock Hold and make a new high of a precedent day , the SPY and the QQQ are in my favor and .. most important i see volume come in at the trigger..
Most likely will consolidate here few days, there's no rush to enter guys unless we start the week with a gap up.
Another way to enter is over 28, where i do have a stop order placed at 28.01 is the most safe way to enter.
First Target is Level A, second is 30.90 where is clearly visible a strong pivot. (Look Left in the daily chart).
Do not enter if a technical SU does not exist, wait over 28 if you don't know how to enter a flag like this.
Play attention to put a stop if you enter, under 24 this stock will be in the bears hands!
Trade Wise.
stocktraderjournal.wordpress.com/
I will enter a long position if i see one of this day that the Stock Hold and make a new high of a precedent day , the SPY and the QQQ are in my favor and .. most important i see volume come in at the trigger..
Most likely will consolidate here few days, there's no rush to enter guys unless we start the week with a gap up.
Another way to enter is over 28, where i do have a stop order placed at 28.01 is the most safe way to enter.
First Target is Level A, second is 30.90 where is clearly visible a strong pivot. (Look Left in the daily chart).
Do not enter if a technical SU does not exist, wait over 28 if you don't know how to enter a flag like this.
Play attention to put a stop if you enter, under 24 this stock will be in the bears hands!
Trade Wise.
stocktraderjournal.wordpress.com/
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First Attempt, SL @22.740Add over 28.01
Nota
Nice resolution at the triggerNota
Toked some profit out, SL at BE.The 28 area still act as resistance, and a retest over 28, will be a nice place to add again.
If we close over 28, next target will be 30.90 , is a nice poket!
Play attention that yesterday 28 was rejected, so the bears can enter and create a retracement. Stops at BE, you can enter again , overall the stock main trend is long.
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