Thoughts on AIQ at current levels, post-pullback
Been watching $AIQ closely after the recent pull-back, and it's holding an interesting spot right around the $61.50 - $62.00 area. What's catching my eye is that this zone pretty much aligns with the prior consolidation range we saw before the last leg up. For me, if it can convincingly hold above $61.17, which was the day's low, there's a decent chance it's building a base for another move higher. The risk here, in my view, is a sustained break below that $61.17 level, especially on increasing volume. If that happens, it would invalidate the current mini-reversal scenario I'm considering, potentially opening up a path towards the mid-$50s. Not saying it's a sure thing either way, but that $61.17 line in the sand is pretty critical for my current read.