Auguraltrader

iQIYI - an odd ball pending breakout

Long
NASDAQ:IQ   iQIYI, Inc.
Just happened to screen and find that iQIYI appears to have had a recent good run and the short term weekly TDST has been broken out of, closing above with two more weeks to end the TD Setup.

Technical indicators are bullish, MACD is post-bullish divergence indication.

On a weekly scale, the yellow box is the range, from 2-5, being near the resistance currently.
Anything near 3.6-4.0 appears to be a good deal. Else, a breakout is likely to see 8-10.

Interesting odds for an odd ball...
Anyone else have (fundamental) comments or views on iQIYI ?
Please do share...

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