$NFLX of China can come back hard here $IQ. Bullishmatt.com Been beaten down for a couple months now, for sure went up on hype, but long term hold here may suprise. if through first resist 19,64 then 22 and 28 in a flash. Will SQUEEEEEZE HARD
IQ trade ideas
IQ chart 1 day i must be crazy to buy this right?The infamous 1 day chart.
when most people see an asset fall this much they are afraid to buy. not me. i see opportunity here with a great risk to reward potential.
This asset closed today on a doji reversal candle, very close to the 89.3% fib level while inside this wedge pattern/flag pattern. we are oversold on this daily chart as well. we dont have daily rsi divergence though. will we make one more push down to the 89% fib level? possibly....the best course of action here would be to cast a laddering strategy. with the stop just under the 89.3% fib level.
are you willing to risk 5% for a potential 20-50% longterm gain? i just dont see why not.
i hope this quick analysis helps guys and gals
Rigo
IQ bullish butterfly and demand zone combination after 0.618 .There are so many combination for this trade:
0.618, demand zone, butterfly pattern.....
I will be willing to wait for reversal sign @ 23.00-24.00 spot, which is also a 50% discount from its peak.
Let's see how it goes!
IQ is coiled for take offFor a company that's pretty much like NFLX but available only in China and for their huge population, it's very undervalued at it's current price. While it might not reach as high in valuations as NFLX, it's still worth more than $50 a share. My sentiments on this is bullish for long term. And for the short term, it's as the title says. I feel it's very coiled as people kept selling on tariff war talks when said tariffs have no effect on their revenue. As such, it can easily have a nice jump up past $30 within the next few weeks.
Disclaimer: I consider myself to be between amateur and intermediate in terms of trading knowledge. So please take my thoughts above with a grain of salt as they are my opinions and as such, are not facts.
IQ: Ready to go higher short term.Forming inv h&s and looking good for 29. Coming in just few trading days imho.
IQ are we ready for the next impulse?NASDAQ:IQ has been in a downwards correction for the last 90 days. Now it's starting to look like we might start trending again based off pattern, & divergence. Maybe this becomes a bigger correction in the middle to go down? Any fundamentalists have any input on this one?
There's a buy setup brewing on the lower TF
Let's see what happens!
Buy IQ as bulls should step in soonCurrently have a very large position in IQ. Trend should turn positive soon. This is bull time, IMO.
IQ - Promising but needs more clarificationLet me say first that I am positive for this company.
I also wish to add that I own stocks and I am waiting for more clarification to increase the position.
My target price is $50+
As to the technical analysis:
The first approach is the one of 5 Waves up.
We had 1,2 and 3, we may have seen 4 or we are close to the end of it, and waiting for Wave 5 up.
Above the red line, Wave 5 will be confirmed while below the blue line we could have another approach.
So, the second approach is to have 3 phases A,B and C.
In such a case B can end (not obliged to) at the green rectangle.
What I want to stress is that both calculations (5 waves or A-B-C) will give a much higher target price.
So, all we have to do is wait for more clarification.
There is no need to rush, once it starts going up the profits will be superb.
Can IQ move up from here?It has tested the green support line three times since it went IPO. Last 7 trading sessions were all red with below-average volume. If the stock decides to move up from this level, it will need to break the $32 zone as a lot of buy/sell activity took place there. Today, the company raises more funds for its Sports venture, which is a good sign as investors believe in its future prospects. Recently, a multi-year deal with Nickelodeon was signed as well.
Q2 results:
$932.5M revs, 51% increase compared to last year
$200.7M operating loss with 22% loss margin compared to 24% of last year
$316.9M net loss
67.1M subscribers, 75% increase compared to last year (66.2M are paying members)
Company has $2bn cash
Company is increasingly investing in channel marketing, content promotion, branding as well as R&D
CEO from the conference call:
"We believe we are well on track to execute on our corporate strategy and generate long-term sustainable value to our shareholders."
Q3 guidance:
$985.3M - 1.03bn revs
Trend change is nearThe orange lines show a descending wedge which was broken to the upside. The green lines form a possible channel into the future. The black line is variable moving average with support right at the bottom of the last candlestick. The blue line is another possible support zone if next week brings forth more selling pressure. If the green channel holds, we might see a move up to the $37.50 area to test resistance from earlier trading sessions. Also, since IQ has tested all-time .618 retracement level, I don't think .786 is achievable for shorts now, especially after the spike to mid $32. Good luck.
50 MA crosses 150 MA on 1 H chart.I feel this might be a good juncture for IQ to pivot into a upward trend after 3 consecutive trading days forming doji patterns and then staying above key support levels.
Any comments?
Breaking out, my friends :)Not much to say. The chart is looking prime for major upside. Get in now. :)
IQ soon to be bullish?We are forming a falling wedge, and at the bottom of that we have a major support. Just started all of this stuff so please help if you have a different opinion. Thanks
