iQIYI, Inc.

IQIYI (IQ) Falling Wedge? Let's see how this plays out

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IQ has fallen well below the support of $16. The current formation I'm playing is a falling wedge pattern. Will be looking for a breakout in the following weeks. This could also be an upside down head and shoulder. The potential left should was printed a few weeks ago. It is currently working on printing the head. Let's see how this plays out.

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