$IQ is exactly at the 0.618 Fib level now at $2.45, this is where the support needs to hold for me and any loss of this level and it is showing weakness
The other ADRs that we follow have not pulled back to their 0.618 Fibs jusT yet, so already $IQ has pulled back further
A break down of $2.45 and its back down to the yellow support line again below $2.20
Holding here now will be bullish for me and a move up to the 200 Day MA at $3.70 is possible next.
Alex
2024-10-15 18:03:13 +0000 UTCKad
2024-10-15 17:21:16 +0000 UTCChris H
2024-10-14 14:59:28 +0000 UTC