The new Chinese IPO stock $IQ has been nothing but on fire. Will it go up indefinitely? We are going to use cycle analysis and market geometry to provide the latest update on this runner. You need to login to view the rest of the content. Please Login. Not a Member? Join Us
The new Chinese IPO stocks such as $IQ, $BILI and $HUYA have been nothing but fabulous. Each of the three new stocks have at least doubled from the recent IPO low in a few sessions. The rate of increase is incredible. What are the characteristics that made them running crazy right out of the […]
The new IPO Chinese stock $IQ has caught on fire since May 10, 2018 when it broke out the previous resistance at 20.50. It entered a virgin price territory with volume. The subsequent performance is nothing short of being fabulous. It has become one of the most traded stocks on Robinhood among the millennials. You […]
The market continues to be in sideways consolidation even though it clearly is in the process of a new weekly cycle that started on the week of 04/06/2018. The investors are not convinced that the current level is a bargain despite the great earnings report. You need to login to view the rest of the […]
Rising interest rates, strong dollar and trade war concerns are the fundamental reasons that made investors very hesitant to put money back into the market. The hesitation showed up in the price action as sideways consolidation for the last four months.
Last week the S&P 500 cash index marched to pass 2717, which is a prior swing high. It closed firmly above 2717 as well. This action took place on the 5th weekly bar of the weekly cycle which was started on 04/06/2018. So the cycle location is much clearer now.
