IQ (elliot wave with ABC correction)

2018年6月29日

IQ is ready to go again.

It's a young Chinese stock, apparently the Netflix of china with better features and we all know how Netflix is doing.

2018年7月3日

註釋

IQ is currently lacking volume (interest), this stock needs some good news for it to break out of this downward channel (purple).

possible bear flag forming (Red)

2018年7月5日

註釋

Bear Flag was broken
.786 Fibo was retested
trendline broken

I will be looking for this Stock $25-$27 and re-accessing

2018年7月10日

註釋

Buy order at $27 on the .236 Fibo

2018年7月12日

註釋

2018年7月12日

註釋

Seems like IQ is best trading on the 2 hour chart
We saw it consolidating around the .786 Fibo
Rejected the 200 EMA where: (perfect time to buy)
- RSI did a tipple bottom
-Mac D was going up

Moving Forward, potential entry at $33