IQ
IQ preparing for launchWith a reasonable ER and chart looking primed, I am continuing to build my long position in this area. Ive kept plenty of dry powder for a drop to the 29 region and will load heavy there. A stop below the lowest order block provides an excellent R:R for buying here. Maybe I'm being naive but seeing instituitons downgrade IQ seems like a contrarian indicator to me as well. Lets see :0)
Happy Trading!!
China bearish: Buy the trade war tech dip BIDU NTES IQ TCEHY On Friday the 3rd August 2018 Chinese stocks ceded their ranking as the second-largest equity market in the world amid an elevation in trade tensions after the Trump administration said it was considering increasing the initial proposed tariff.
Buying the dip: Considering Chinese markets are at almost a one year low and under a temporary trade war, a knee jerk reaction will eventually take place causing an influx of capital across the market. I cant predict when this would happen or whether stocks have reached their bottom but I consider this another buy opportunity.
IQ - Further down trend in the vicinitySeems like IQ will be going down till End of August. Expect a pull backup in Sep.
IQ Huge Move Incoming!This is highly bullish.. I would not be surprised if it gets back to the highs. Looking for entry for tmw. Let me know your thoughts.
Looking at $40 strike for next month. Possibly small size for $35 weeklies.
IQIYI long bottoming breakout strategyLooks like this one may be bottoming out from retracement. Looking for a higher low to form and then a higher high break through both dotted lines. Green arrow represents long positions. green box represents sell region based on 1.618 fib as well as the prediction of this to form a LARGER long term tightening pennant possibly reversing near green zone. SL is at most previous low or just trail. macd divergence is very low = low volatility = breakout incoming to increase volatility (bull macd cross?)
$IQ Oversold at Support - Hammer Candlestick$IQ expecting a bounce in the near term. Break through the 50d ema will be key. Looking like a possible down trend breakout followed by eventual retest of that line today. I'm bullish near term.
IQ Finally dippingStock has had more than a 30% pullback,
Look for the stock to consolidate around the
$30 mark and then move higher.
#buythesalsa
Where I'd like to buy IQ againFinally IQ has seen a nice dip most likely due to profit taking on the online retailer sales tax news.
My guess is she continues a bit lower, especially if the low of June 15th's candle ($37.57) is taken out.
Here is my current plan to initiate a new position on the way down.
IQ - IQIYILong IQ after the break back above support here.
Long Aug17 $25 call/Short Jul20 $41 call for $9.55.
Stop: $33.50
Target: $41.00
IQ Possible LevelsThis is my first chart, and wont be my last. All of my ideas are never legal advice, and I wouldn't recommend investing any money you cannot afford to loose physically and emotionally. Any constructive advice is always welcome, as I stay open minded to any possibilities. I want everyone to win!
Im going to keep it as simple as I can.
This is the Daily Timeframe
With that said, IQ looks to of hit a wall at 46.
Looking for a safe long re entry and pullback to 24 area. Although it may hit 40 again before falling lower.
Next possible Short term bounce @ 28 - 31
As it looks today, it has bounced off the 618, but I can see it consolidating until end of july maybe august.
You can also see the momentum has changed for the first time since the 21st, short term bearish.
Ill wait for momentum to change bullish before re looking at this situation. With barley any time on the market and no data, trade with caution. I believe IQ had a great future.
IQ Holy Grail buy on the DAILY forming... Linda Raschke setupMarket retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below daily EMA (34.31)
HUYA Holy Grail buy on the DAILY (Linda Raschke setup)Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below daily EMA (34.80)
