IQ | Long | Undervalued Chinese Media Rebound Play | (April 9)IQ | Long | Undervalued Chinese Media Rebound Play | (April 9, 2025)
1️⃣ Insight Summary:
iQIYI, a leading Chinese entertainment platform, is showing signs of accumulation at historical support levels. Despite a long-term downtrend, both the fundamentals and technicals now hint at a potential strong upside move.
2️⃣ Trade Parameters:
Bias: Long
Entry Zone: Around $1.60 – $1.74 (post-liquidity sweep zone from 2022)
Stop Loss: Below $1.50 (key invalidation and structural failure)
TP1: $2.53
TP2: $3.33
TP3: $4.23
TP4: $5.64
Final TP: $6.46 – Potential extended target: $10.35
Risk/Reward Ratio: ~1:22 based on the chart setup
Status: Long setup in progress with active risk management and staged profit-taking
3️⃣ Key Notes:
✅ Strong buy-side reaction after taking out 2022 liquidity
✅ Price holding despite visible sell pressure — signs of absorption
✅ Fundamentally undervalued for a growing Chinese entertainment brand
✅ Past cycles from this level have triggered multi-month rallies
✅ Clear interest from institutions and steady volume accumulation
❌ Everything below $1.50 is a full invalidation; any break lower voids the current long bias
📈 Setup is structured for a long-term swing, but partial profits help lock in gains during the move
4️⃣ Follow-up Note:
Monitoring closely. Will consider adding if a strong reclaim happens above key support with confirmation. Updates will follow as targets are approached.
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
