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Iqiyi

IQIYI long bottoming breakout strategyLooks like this one may be bottoming out from retracement. Looking for a higher low to form and then a higher high break through both dotted lines. Green arrow represents long positions. green box represents sell region based on 1.618 fib as well as the prediction of this to form a LARGER long term tightening pennant possibly reversing near green zone. SL is at most previous low or just trail. macd divergence is very low = low volatility = breakout incoming to increase volatility (bull macd cross?)
NASDAQ:IQLong
by Artemizios
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