$IQ couldn't hold its bullish subwave count at the start of the month and like just about every stock, it felt the selling pressure, did it lose its over impulse wave structure? No.
It has pulled back to the 0.78 Fib and held and since bounced.
If you sold this when it pulled back more than we expected, then it means you were either not a long term holder or did not believe in this in the first place, so this is something to consider.
Nothing else has changed here, it is still an undervalued company in terms of its fundamentals and its chart is showing that it is ready for Wave 3.
Richard
2023-08-29 19:06:11 +0000 UTC