Stan Wong
iQIYI Inc.
IQ-Q
PAST TOP PICK
Jul 04, 2019
(A Top Pick Jul 04/18, Down 37%) Stopped out. The Netflix of China. Sentiment got negative around all Chinese firms. Subject to a lot of government scrutiny. Uncertain economic outlook in China affects advertising.
The Netflix of China. They just IPO'd. Subscribers have grown from 10 million in 2015 to 60 million today. They have a license to show some Netflix conent. They have a long runway for growth, but watch for volatility. Pays no dividend. (Analysts' price target: $35.60)
You need more data for technical analysis. It looks like the short term trend broke and it may or may not mean anything longer term. Short term, the cards are stacked against it.
He's never looked at this stock. It's trying to consolidate. It might be finding support in the mid-$20's. He can't predict this, but the chart looks mediocre.
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