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brianweber

Next target on IQ $34-$35!?

Long
iQIYI, Inc. (NASDAQ:IQ)  
brianweber Updated   
NASDAQ:IQ   iQIYI, Inc.
Chart Patterns Trend Analysis Bullish Patterns IQ brianweber Technical Analysis investing investment NFLX buythedip
15
12
chartpattern trendanalysis bullish iq brianweber technicalanalysis investing investment nflx buythedip
Very nice bullish uptrend. Bought back my June $30 covered calls for a small loss today. Looking to ride this wave up to $45+ :)
Trade active:
Cost basis is $20.88.
Comment:
Nice...went into the close and saw some selling at the end of day. I can see IQ grinding up in the channel.

Looks like recently for every big up day, she resets for 1-3 days. Trend is your friend so buy a pull back and wait.
Comment:
*Into the cloud

haha
Comment:
Right into the cloud and top of the channel. Looks like an evening star reversal. Today would have been a good day to sell covered calls. I do expect some selling to occur in the next few days, but you never know ;).
Comment:
WOW
Comment:
$45 target looks to be hit sooner rather than later.
Trade closed manually:
Sold at 38.71 for an 86% gain. Will look to buy again at 34.61 and 32.40.
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