IQ some notes on the iqiyi chart.1: fundamentals: the stock is expected to earn 20 cents this year and eventually grow to 50 cents per share eps, earnings power and earnings growth is very attractive at current prices.
2:Technicals: 2.00 level is significant for may and june options cycle. could we be in a major wedge at the 3 to 1.50 levels, marking a coiling up area. we took out the all time low of oct 2022 and make a new low around 1.50. , could this become a major accumulation zone during the trump/china tarriff crisis?
3.Sentiment: chinese stocks are very hated and under owned, there are many chinese stocks trading at or below tangible book value, news is very dark seeming for trade in china, with many chinese manufacturers shutting down due to lack of usa product demand with tarriff uncertainty.
Bullish
I love moments like this. they are not easy to trade and invest in. But they are real time history happening before our eyes. Sand through your hands. Remember these times.
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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.