IQ Possible LevelsThis is my first chart, and wont be my last. All of my ideas are never legal advice, and I wouldn't recommend investing any money you cannot afford to loose physically and emotionally. Any constructive advice is always welcome, as I stay open minded to any possibilities. I want everyone to win!
Im going to keep it as simple as I can.
This is the Daily Timeframe
With that said, IQ looks to of hit a wall at 46.
Looking for a safe long re entry and pullback to 24 area. Although it may hit 40 again before falling lower.
Next possible Short term bounce @ 28 - 31
As it looks today, it has bounced off the 618, but I can see it consolidating until end of july maybe august.
You can also see the momentum has changed for the first time since the 21st, short term bearish.
Ill wait for momentum to change bullish before re looking at this situation. With barley any time on the market and no data, trade with caution. I believe IQ had a great future.
