IQ trade ideas
Time to go longDowntrend is about gone. IQ was sold off heavily upon trade war tensions as well as short side attack yet fundamentals always win in the end. This is a growth stock you want to keep.
IQ - Quick ShortI entered a short position at 28.75 where it is having a double top. There is a large bubble formed due to the steep up trend developed today. I think the down trend resistance here at 28.75-29.00 alongside 30 resistance should bring in some profit takers giving a little AM dip tomorrow. This is also confirmed by bearish divergence formed on the MACD histogram and the higher highs formed on the candles. Also, the bubble should pop to at least 27.50. This will be a pivot point showing if bulls will keep momentum or if this will lose all the gains and fall back to 25.00. I am looking for a quick exit anywhere between 27-28.
$IQ Watching for Short Entry$IQ has been on quite the downfall. I think there is a little more to come. If $25 cracks this will likely fall back to $22.50 before consolidating there. I'm looking for a short entry around $27.00-$28.00 then a run back to $25. If $25 cracks I will look for this to keep falling until $23. If strong volume and bullish indicators develop when around $28.00 then I will watch for bullish reversal. Scalps could be made from $28 break to $30, but wouldn't play the real reversal until $30 break out.
Open minded near term, no predictionsnews support picking up, nice progress for bulls----but one step at a time, needs to test trend line, break above, form a higher low that closes and holds
IQ short term downI think IQ will continue to head lower short term to complete the point C of the corrective way
IQ Update to Original chartNASDAQ:IQ
I used the wrong candlesticks previously, still long, and currently hold position.
There is still potential based on current news as well as company performance.
escape from IQlet's see if i can get out of IQ cleanly...
i currently hold 200 shares w/ cost average of 34.82. if i pickup another 100 @ 29.06, it will put me @ a cost average of 32.90. if i extrapolate the ipo of BABA, i think it will get back up to the 33.56 area before going lower, let's see if i can close out near there.
will it work?
IQ bearish Options PlayThinking IQ will have one more pop into some moving averages before rolling over and declining further. I'm reading the closing under the 50 ema as a sign of weakness. Will hold puts until the $20 support level.
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!!
Where is the bottom?Will it jump off the support line and break out of the wedge? Positive divergence on MFI. CCI looks oversold. Whether this keeps falling or goes up from here, IQ is a long term hold and will return big profits.
IQ breaking down $IQbroke fib support
volume profile indicates that it can easily go lower and more resistance to regain price in the lower to mid 30s.
IQ OutlookNASDAQ:IQ
There is potential growth in the company, and though recent numbers still show a company that is in its early stages, the company reported good sub numbers.
I think there is potential, but must probably reach the 27 level first before possibly turn around, but with recent selling, it is hard to gauge how the market currently is feeling.
IQ - Further down trend in the vicinitySeems like IQ will be going down till End of August. Expect a pull backup in Sep.
