iQIYI may rise to 3.80 - 3.96

Our pivot point is at 2.93.

Our preference

Short term rebound towards 3.8.

Alternative scenario

The downside breakout of 2.93 would call for 2.68 and 2.53.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day moving average (3.2553) but below its 50 day moving average (3.6885).

Supports and resistances

4.12 **

3.96 *

3.8 **

3.64

3.3 (USD-last)

3.03

2.93 **

2.68 *

2.53 **

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