iQIYI may rise to 3.72 - 3.88

Our pivot point stands at 2.88.

Our preference

Short term rebound towards 3.72.

Alternative scenario

The downside breakout of 2.88 would call for 2.62 and 2.47.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 3.4328 and 3.839).

Supports and resistances

4.04 **

3.88 *

3.72 **

3.56

3.19 (USD-last)

2.99

2.88 **

2.62 *

2.47 **

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