I1QY34 trade ideas
$IQ Ready for more gains! $20.50 - $22 Price Target 1-2 Weeks!$IQ has officially broken above a resistance and we have higher highs on the daily RSI. Fib extension shows possible break above $20. Earnings apparently Jan 30? China trade talks are heating up, and Chinese stocks are just beaten down in general. Currently own Feb 1 $20 Call Options.
short if breaks the neck line,, 14 targetmobile-text-alerts.com
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IQ long swing with some callsIQ finally breaking up out of its consolidation just below the previous IPO all-time low. A lot of volume coming in on Friday. Any retest I expect to be bought. IQ might gap up tomorrow with the after-hours activity.
IQ - Wedge ReversalBouncing off the bottom support line is a wedge reversal forming? I am expecting this stock to go up over the next week.
$IQ Ready for another runBottoming pattern almost complete
RSI on steady incline
First good buying volume seen in months
Must break 21.00 on volume to confirm the end of the downtrend
Although tariffs don't necessarily effect IQ directly, it is a big name Chinese stock. Expect a reaction.
IQ coming up on decision time!IQ is being squeezed waiting for confirmation of breakout or continued downside
IQ vs. NFLX: Identical IPO PatternsIQ if following NFLX's IPO price action. This can be seen throughout many of China's IPO's. Expect a sideways pattern into a breakout of some crazy magnitude. If IQ's breakout is identical to NFLX (740% Increase from the first bottom after the breakout), IQ Wave #1 = $380
IQ : Back in long for 134 daysSo I have left over put verticals 25/20 left over from legging and then hedging short puts in IQ all the way out to January. I decided to just go with a buy/write at the current price (just under 30) So I bought 200 shares and wrote 30 calls for 4.00 each......for a cost basis of 26 and downside protection at 25, which I will most likely take profit on the long 25puts and leave the 20s to either average down at or expire worthless in January. This will only give me a 13% return and is for a bit longer than most options traders prefer but works for me. I need the stock to stay flat or go up for 134 days. We shall see how things play out.
Long term TradeThis is the netflix of China. This company has great fundamentals and is worth the long term hold.
IQ - me love you LONG timeIn my previous Technical analysis for IQ I called this price point with a bearish Elliot wave.
That Elliot wave is completed and it is time to long IQ for it has very high potential like Netflix.
$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 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!
