iQIYI, Inc.Long
IQ - breaking out of 2 year trading range
IQ is at the top of the trading range, and just closed with a very bullish bar.
It's never easy to tell the exact top of the range, but I'd call that a breakout. On the same day, KWEB was down 2.45% and MCHI was down 1.99%. IQ has been hugely outperforming the sector recently, and the price action has been very bullish.
If you haven't bought it already, it's worth monitoring, and looking for an entry.
It's never easy to tell the exact top of the range, but I'd call that a breakout. On the same day, KWEB was down 2.45% and MCHI was down 1.99%. IQ has been hugely outperforming the sector recently, and the price action has been very bullish.
If you haven't bought it already, it's worth monitoring, and looking for an entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.