IQ trade ideas
IQ and the 5 point turn!!Maybe its because its: 1. the first green H.A. trend candle in the last 10 candles. 2. That all three oscillators (Stoch RSI, RSI, CCI20) are turned up showing the big bottom turn. 3. That we see the turn on a major support area. 4. That we are still well above last years high (blue line) so we can use it as a good stop at 21.70. 5. Even with the pull back and consolidation we are well over 50% up this year. Sounds like a good 5 point turn to me. Yet Laying all that aside, I just wanted to point out what a great day IQ had running up 5% today. That was a nice 5% turn indeed. Will very likely be 15-20% by next Friday easy, if IQ does its thing!
IQ at support level -- several indicators confirming(RSI, 14) is on a higher low, trending up @36.3
Stochastic RSI on a high @97
Bollinger bands on a 1h time period are reaching a squeeze.
SMA is starting to cross the middle Bollinger Band.
This is the trade I would make:
Entry: 22.8
Long: 23.8 (+ 4% )
Short: 22.15 (- 2.85% )
RRR: 1.54
IQ Looks ready to rally$IQ looks like it's ready to start a new rally. I'm looking for it to pop out of the Ichimoku Cloud. It has bounced off of the recent down trend line and looks to be headed back to the longer term up trend and emerge from the cloud. Once it does these things I'll likely open a starter position.
Watching IQ this weekIQ have a strong long look in this weeks, and have a potential to reject the 20EMA and bulls can re-start to enter.
I will enter a long position if i see one of this day that the Stock Hold and make a new high of a precedent day , the SPY and the QQQ are in my favor and .. most important i see volume come in at the trigger..
Most likely will consolidate here few days, there's no rush to enter guys unless we start the week with a gap up.
Another way to enter is over 28, where i do have a stop order placed at 28.01 is the most safe way to enter.
First Target is Level A, second is 30.90 where is clearly visible a strong pivot. (Look Left in the daily chart).
Do not enter if a technical SU does not exist, wait over 28 if you don't know how to enter a flag like this.
Play attention to put a stop if you enter, under 24 this stock will be in the bears hands!
Trade Wise.
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