$IQ - WATCHLIST -
Added 2024-05-14 09:44:13 +0000 UTCI am bringing this to your attention again, as they report on Thursday before the market opens.
Price has bounced between the 0.78 Fib and 0.618 Fib for Wave 2 and is back above its 50 and 200 Day MA leading up to earnings so bulls feel confident going into this earnings report, without a parabolic move first.
So a good earnings this week and we can get a move upwards and show signs of starting Wave 3.
A run back to the previous high at $8 is what we want to see first.
Fundamentals are not bad either, FWD PE of 8 but their net margins right now are at 0%....so if they can improve on this in any sort of way from their earnings, this could be the trigger to send this higher.
Watch closely.
Comments
Maybe close to wave 2 completing?
G4Golf
2024-06-09 05:33:02 +0000 UTC
