Watching IQ this week
Updated
IQ have a strong long look in this weeks, and have a potential to reject the 20EMA and bulls can re-start to enter.
I will enter a long position if i see one of this day that the Stock Hold and make a new high of a precedent day , the SPY and the QQQ are in my favor and .. most important i see volume come in at the trigger..
Most likely will consolidate here few days, there's no rush to enter guys unless we start the week with a gap up.
Another way to enter is over 28, where i do have a stop order placed at 28.01 is the most safe way to enter.
First Target is Level A, second is 30.90 where is clearly visible a strong pivot. (Look Left in the daily chart).
Do not enter if a technical SU does not exist, wait over 28 if you don't know how to enter a flag like this.
Play attention to put a stop if you enter, under 24 this stock will be in the bears hands!
Trade Wise.
stocktraderjournal.wordpress.com/
I will enter a long position if i see one of this day that the Stock Hold and make a new high of a precedent day , the SPY and the QQQ are in my favor and .. most important i see volume come in at the trigger..
Most likely will consolidate here few days, there's no rush to enter guys unless we start the week with a gap up.
Another way to enter is over 28, where i do have a stop order placed at 28.01 is the most safe way to enter.
First Target is Level A, second is 30.90 where is clearly visible a strong pivot. (Look Left in the daily chart).
Do not enter if a technical SU does not exist, wait over 28 if you don't know how to enter a flag like this.
Play attention to put a stop if you enter, under 24 this stock will be in the bears hands!
Trade Wise.
stocktraderjournal.wordpress.com/
Trade active
First Attempt, SL @22.740Add over 28.01
Note
Nice resolution at the triggerNote
Toked some profit out, SL at BE.The 28 area still act as resistance, and a retest over 28, will be a nice place to add again.
If we close over 28, next target will be 30.90 , is a nice poket!
Play attention that yesterday 28 was rejected, so the bears can enter and create a retracement. Stops at BE, you can enter again , overall the stock main trend is long.
Related publications
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.