Short Swing Trade on IQAnother beautiful bearish gap and go on NASDAQ:IQ . Decent amount of bulls trapped this morning, gapping down under recent pivot point. Could head lower the within the next days/weeks.
IQ8 trade ideas
Very tidyUps and downs, but IQ is still respecting the important lines.
We might see a rebound soon.
MACD looks nice :)
SoonYes, something is gonna happen in the next sessions (maybe next week).
I'm long, but this could go either way.
long BUTI want to be crystal clear.
I´m long this stock, but I don´t think we are going to see a lot of buyers tomorrow.
However, as nothing has really changed, it should hold the line, but I wouldn´t expect a huge volume.
IQ 15.07.19 LongAsset and Time frame - IQ, Daily & 4H
Entry Price -19.27
Exit(Stop Loss) -18.80
Exit(Take Profit) -21.90
The range between SL and entry -0.47$
Technical Analysis -Daily chart made a bullish engulfing candle, price reacted to the 61.8 Daily Fibonacci, on the 4H chart price reacted to the -61.8 Fibonacci level and about to react to it again, the price couldn't break the corrective trend line,I placed a Limit order at the price of 19.27 in order to get the maximum from this trade,RSI on 4H and Daily did not reach below 40 level.
Why not enter the trade -The price already reacted to the -61.8 level.
What direction does the market move -Bullish
What can be improved -
Conclusion & End of Trade -
Long IqTradingView
Open position at $18.5
Stop loss at $17.5
Take profit at $20
Why this play?
As much as i would love to see a triple bottom for a long, I'm not sure we would get it. The china related stocks has been very beat up, especially IQ.
I have a seen a few of them reversal off already but iq hasn't really reacted much yet.
if we expect positive news on china trade deal, this would be a pretty good stock to go on long.
IQ - Long idea for the next two months.From watching it for a while, it seems to find a bottom.
Share your thoughts.
Bullish flag - double your moneyLong $IQ
Regardless of the trade war, I don't think this is a long time winner.
MACD shouts BUY
IQ - Bullish attemptIf IQ opens gap down below support area tmr due to the S&P 500 future, the plan is invalidated
IQ- BULLISH MOVE AFTER TODAY'S BOTTOM FISHINGMACD about to make 3rd attempt to break above the signal line
IQ- 4H chart about to make bullish moveOutlook:
- 4H chart holding off MA200 pretty well. Those who followed the IQ chart last week on Tradingview has made over 6% at the top of 23.12.
- 4H chart has been supported by MA200 for multiple days
Trade plan:
- Entry: at current level
- Stop Loss: tight SL below MA200
- Target: trendline resistance
IQSupport on .5 Fib Line after breaking down out of triangle.
MFI showing strong signs of reversal. MA Line outside of Bollinger Bands indicating upward momentum.
Possible resistance at .382 or Ichimoku Cloud if it changes with future price action.
IQ On New Support TrendAfter Pulling Back We Have Established A New Support From 3/27 low of 22.70. Use Support as current stop!
