Consolidating on the monthly, double inside month. On watch for break over previous high. would prefer retest of lows on daily first to allow for Stoch RSI to reset. but with over 15% short interest just waiting for the volume and break up. Shs Outstand:730.87M, Shs Float: 200.76M, Short Float: 15.72%.
Note
active trade. broke out above resistanceNote
$25.80 in pre-market. looking good on news that "Tencent is considering a takeover of iQIYI (IQ) in a combination that aims to lower costs and counter competition in the media streaming sector"
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.