$IQ
Added 2024-07-02 15:51:39 +0000 UTC$IQ is right in the apex now of this wedge, the wedge it has been in since October '22, the pull back has been harsh and worked its way down the Fib support levels and is now sitting between the 0.78 and the 0.887 Fibs.
RSI is now in deep oversold territory too and the last 3 times it was here, it bounced strong. We want to see this happen next....likely in line when the HSI moves.
I am holding but not adding just yet, I need to see support held before considering a position.
I have no anticipation to reduce my holding here when the stock is technically undervalued and fundamentally undervalued.
Comments
Isn't that the same case for most China stocks? Jd baba bidu.. I'm crying over here. So overweight Lol
jp
2024-07-02 20:39:16 +0000 UTC
