iQIYI may fall to 1.71 - 1.91

3.02 is our pivot point.

Our preference

As long as 3.02 is resistance look for 1.91.

Alternative scenario

Above 3.02, look for 3.39 and 3.62.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 2.5443 and 2.6123).

Supports and resistances

3.62 **

3.39 *

3.02 **

2.88

2.54 (USD-last)

2.12

1.91 **

1.71 *

1.5 **

Number of asterisks represents the strength of support and resistance levels.