IQ trade ideas
Where I'd like to buy IQ againFinally IQ has seen a nice dip most likely due to profit taking on the online retailer sales tax news.
My guess is she continues a bit lower, especially if the low of June 15th's candle ($37.57) is taken out.
Here is my current plan to initiate a new position on the way down.
IQ - IQIYILong IQ after the break back above support here.
Long Aug17 $25 call/Short Jul20 $41 call for $9.55.
Stop: $33.50
Target: $41.00
IQ Possible LevelsThis is my first chart, and wont be my last. All of my ideas are never legal advice, and I wouldn't recommend investing any money you cannot afford to loose physically and emotionally. Any constructive advice is always welcome, as I stay open minded to any possibilities. I want everyone to win!
Im going to keep it as simple as I can.
This is the Daily Timeframe
With that said, IQ looks to of hit a wall at 46.
Looking for a safe long re entry and pullback to 24 area. Although it may hit 40 again before falling lower.
Next possible Short term bounce @ 28 - 31
As it looks today, it has bounced off the 618, but I can see it consolidating until end of july maybe august.
You can also see the momentum has changed for the first time since the 21st, short term bearish.
Ill wait for momentum to change bullish before re looking at this situation. With barley any time on the market and no data, trade with caution. I believe IQ had a great future.
Correction Nearly Over - Long for IQBollinger bands at set at 45min intervals for a 30 day trend period
RSI indicates oversold with a possible buy surge but also not predictive/consistent.
MACD indicates a buy with the MACD line above the EMA but it may cross which supports further losses on Monday 25Jun2018 to a low of $31.69 until cross confirmed.
Trend lines indicate that surges on the resistance line went 12 days, 7, 9, then 4, then fell.
Should now be seeing a rapid correction over 4-9 days based on this. We are on day 5.
Current correction stabilizing will eventually reach $34.52 based on prior trends for the support line pre-correction.
Meaning if it were to continue without the overbought correction, then this is what the support line would have held it at.
However, we will continue to see a drop until the correction occurs and accounts for the breaking of the resistance.
This will occur between 25-28Jun, but I expect on 25Jun due to the rapid correction over the last week.
Conservatively, I am anticipating an equal break in support to occur over the next 1-2 days and the correction will be over.
On 25Jun2018 we will see a reversal at $31.69 due to this correction (area of the triangle used to balance for the correction).
7-8 day cycles again for the support line trends going forward.
Correction will stabilize on 03Jul2018 at the predicted support line of $34.52.
Trend to continue pre-correction. Long.
Looking forward to reaching $40.00 again on 20Jul2018. Up from there. Slow and steady.
IQ to consolidate in larger wedge pattern before moving higher? Looks to me that $IQ will consolidate for the next few weeks in a larger wedge pattern. The stock has doubled in a short time, now it needs a break for the next move up. I believe major support will be found at $34.50, and where I have a buy order at. Then it will trade within this wedge pattern before making the next $15 move up.
IQ Holy Grail buy on the DAILY forming... Linda Raschke setupMarket retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction.
Setup invalid below daily EMA (34.31)
thoughts on IQ from herestarting to plan the retracement on IQ
planning to sell some puts on IQ at the first fib retracement
will probably sell more if it goes lower
will also buy some shares on the bounce too
IQ retraceBulls getting tired. looking to pick up longs 25-30, but could be more bullish and have alerts at 36
IQ Long Options Play Tomorrow & Possibly into Friday $IQ, as you can see on the hourly chart, every-time $IQ had a large green candle following a large red candle during the opening hour or closing hour, it moved up significantly. There was 1 instance i found it took towards the 2nd trading day for the move. Based on this trend and the LARGE call buying today ( July 40 over 16k, 45 over 21k, 50 over 13k), i plan to buy the July 40c at open. I was looking at the July 35c also due to it being 76% in itm, but due to the Delta of the 40c being.64 i think that gives you a better bang for your buck. Please note IQ has had insane call buying and movement. I STRONGLY SUGEST TAKING THE PROFIT WHEN IT IS THERE OR WRITING THE 50C AGAINST IT AS THE PRICE MOVES UP. As long as the market behaves overnight i expect to see new highs on this stock tommorow
IQ ? TIME TO BUY ?who in their right mind would buy into this chart?
what if your financial adviser called to say they could get you into this at $40 with no commission?
they expect it to go to $158.
my gut says F that!!!
how about we put in a buy order for $22?
how about maybe don't call me to get you out of your positions at top dollar?
I have a family too.
brokers
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Next target on IQ $34-$35!?Very nice bullish uptrend. Bought back my June $30 covered calls for a small loss today. Looking to ride this wave up to $45+ :)
IPO Post Parabolic BasesNeed to find a way to time these better. IPO runner with parabolic spikes and failures, the short term bases offer good entries. Maybe buy those breakouts, sell half into the next resistance level and let the rest run.
Scared money dont make money $IQ China's "Netflix" owned by China's "Google", one of the largest streaming services in China with nearly 500 million monthly active users. Risky buying the open but i see a lot of potential that is being over looked.
bullish 30m Cloud Support 50ma BB MACD need B/O and close about 30.12 for next leg up. 1hr and Daily less Convincing with long legged DOJI, close below 27.76 would bring 25s quickly
Short above $29 on my algo turn downLooks more crude on TM, but own indicator is what I use, as long as it coincides with a bunch of others. In this case, my G indicator went negative around $29, so shorting entries above $29, will set a trail profit stop
$IQ Tightly Coiled$IQ Tightly Coiled - expecting another strong move this week. Most likely to the upside, target mid-30s.
