IQ (elliot wave with ABC correction)
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.
It's a young Chinese stock, apparently the Netflix of china with better features and we all know how Netflix is doing.
Note
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)
Note
Bear Flag was broken
.786 Fibo was retested
trendline broken
I will be looking for this Stock $25-$27 and re-accessing
Note
Buy order at $27 on the .236 Fibo
Note
Note
Seems like IQ is best trading on the 2 hour chartWe 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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.