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IQ analysis

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NASDAQ:IQ   iQIYI, Inc.
According to FINVIZ right now IQ has a short float of 87.8%
That means of the shares that can be traded right now, 87.8% of them were short when FINVIZ updated that data
that is a lot of shares short....

That is probably why that gap and go circled in green led to such a bullish run.


right now it is at a price where it could possibly bounce, but I would not be surprised to see some more weakness first, especially if so many people were willing to go short
Komentarz:
welp just the bounce...this one could run if it starts making new highs, but I would play aggressive defense with my profits should it fail at this resistance again

also worth reading: finance.yahoo.c...-213100363.html?.tsrc=rss
Komentarz:
a stop move just under 22 was perfect

taking some profit now would if you havent could be ideal if your size is large enough and/or a stop move to 24.39

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