Watching $AIQ at these levels, interesting move today
Been keeping an eye on $AIQ and today's move is quite interesting. It pushed up to 65.765 at its high, essentially revisiting the late May peak. What I'm watching closely is how it reacts if it can sustain above that 65.75 - 66.00 zone. It's struggled to break cleanly above there multiple times over the past few weeks, forming what looks like a potential double top or at least a significant resistance area.
If we see a convincing close above 66.00 on decent volume in the coming sessions, it might indicate enough momentum to target the 68-70 range. However, a failure to hold above 65.75, especially with a sharp rejection or a move back below 65.00, would suggest that resistance is still firmly in place. That would make me consider the possibility of a retest of the 63.50-64.00 area, which has served as support previously. The invalidation for a bullish scenario, for me, would be a sustained break and close below 64.00 on a daily basis. Always tricky navigating these levels, but that's my current read on $AIQ.
Definitely an interesting zone there. Are you thinking a clear break above $66 could signal a new leg up, or just a re-test of the next resistance point higher?