IQ8 trade ideas
IQ"Total revenues increased 9% year-over-year while user time spent and number of subscribers both achieved robust growth, with subscribers reaching 119 million, an increase of 23% year-over-year and a net addition of 12 million from previous quarter"
Source: www.prnewswire.com
Time to start slowly adding a few Chinese stocks, including SOGO, IQ, BILI, ZTO, BABA, PDD
Trump presidency would only last for 4 more years max. Some of these Chinese companies have strong fundamentals, and are likely to outperform most stocks towards the second half of Trump's second term. Won't hurt to hold a little.
IQ double inside monthConsolidating on the monthly, double inside month. On watch for break over previous high. would prefer retest of lows on daily first to allow for Stoch RSI to reset. but with over 15% short interest just waiting for the volume and break up. Shs Outstand:730.87M, Shs Float: 200.76M, Short Float: 15.72%.
IQ - opportunity for more than 20% of returns until month endIQ seems to be tracing minute wave 3 up coming out of a higher degree triangle pattern. In this scenario wave 3 most probable target is at around 24.00 which is 33% above current levels, until the end of this month. If prices crosses down 16.05, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
IQ Long, double bottomCondition:
1. Downtrend line was broken by breakaway Gap (G1). Start a new trend.
2. 10/4/2019 Weekly demand zone confirmed
3. double bottom
4. down Trend line break, and re-test
Better to see next breakaway Gap (G2);
Entry 17 or at next Gap up open
Stop: 14.5
Target1: 20; risk/reward=1:1
Target2: 23; risk/reward=1:2
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
This is not a good stock trading plan.
In my option trade, I bought Jun C20, limit 1.54; no Stop.
Let's do it , Donnie (Billions)investorplace.com
www.digitalnewsasia.com
kr-asia.com
It's IPO price is 18 and rocket to a high of 46 within 2 months before tumbling down to a low of 14.57 in early Jan this year.
The potential upside for this company is phenomenal. Just look at the white space it has to go up to.
It is funny sometimes as traders that we tend to hesitate and ponder over our decisions. I mean, we made mistakes in trading for sure but to let our past mistakes cloud our judgement and impose fear on our "buy button" , that is something that need some internal work.
For me, I review all my successful trades, looking at the profits and how nicely executed were the charts. I patted myself on the back for a good strategic move, grateful to God for his continuous blessings and with faith, knowing more and better opportunities are right here waiting . Thus, when it comes, I proceed to take the right action.
The "What IF" question will come to haunt you whenever you want to pull a trade, be it buy or sell. And the recency bias that we all have will play tricks on your mind. If you past few trades have contained losses, you will be slightly more hesitant to pull the trigger. You dig further, review your charts, perhaps give it more time to brew,etc. On the contrary, if your results have been good, you take actions faster, believing this trade is no different from the previous ones and it will only get better.
So which side are you on ? Time is ticking........
Possible breakout brewing to the upside on IQA meaningful line of support and resistance at around 20.50 has been tested since May 2019. Positive signs for a long perspective include the price being above the 200 day moving average, an upward facing 50 day, and a continuous retest at 20.50 resistance.
Would like to see a volume surge through this area, with the MACD also turning up, to help support the long narrative and show encouraging signs of momentum and continuation.
In summary: A longer base being established (in this case over 1.5 years) tend to result in higher successful breakouts when they do occur. I am watching...
IQ LONGClear breakout on Weekly IQ and took support on the downward line. The train has just started
Buy on the BreakoutI would wait for an earnings fueled breakout, whether it be from IQ or parent company Baidu.
Short Term Long Position: OPTIONSWell hello there...Although I am not personally in this trade, I love to help out my fellow traders. I can see how someone can make the argument that a CALL OPTION to $18 could be a good idea. The daily chart shows that the stock is resting on strong support after weeks of a bearish trend. In addition to the 4 hour chart showing strong bullish signals. The only thing to be cautious about is the RSI only being at 40. If this gets rejected, it will reject HARD.
$IQ A run is cookingBullish Divergence on recent low.
Bottom candle printed today
Sitting on very strong support at 15.50.
Oversold territory.
Recent selloff will give way to second tier stocks such as IQ.
Great value here.
IQ ,the Chinese Netflix has potential.Giving a 12%/26% ratio or 3/1 RR on this trade,could cut loose earlier if sentiment worsens,big uncertainty factor.
