$IQ - Chart of the Week - COTW
Added 2023-07-03 15:21:41 +0000 UTCIn terms of reward v risk here, the reward far outweighs the risk.
The chart looks exceptionally good here and not only has it held the 0.618 Fib for Wave 2, it has also held the 200 Day MA extremely well and above the 50 Day MA now too.
Fundamentally, the FWD PE is now at 11, with all green upgrades for the last year, this is rare.
$IQ is a buy and hold.
Comments
Look at the trend, from 131 PE right now to a FWD PE of 11, this is a substantial improvement, meaning they are executing as the market expected them to
Gareth Neary
2023-07-03 16:49:46 +0000 UTCPE for IQ is around 131, which is too high. What makes it a good investment from value investing point of view ?
Hamza Al Lawati
2023-07-03 16:45:12 +0000 UTC
