$iQiyi Inc.(IQ)$ Now that we have retested the old 52 week high today at $5.75 again., I think we can turn this around and test a new high above $7.00 within 2 weeks (hopefully).With the Yuan continuing to gain ground in large chunks, the first quarter report will be rewarded but that will not come out until April sometime. The Yuan took another leap forward today. Friday it was 14.53, yesterday it was 14.68 and today it is 14.76 cents and gaining everyday.. Instead of gaining 1/100th of a penny every few days, the yuan is gaining about 8/100th of a penny (average) per day in the last three days. That is already almost a full penny more than the 3rd quarter number of 13.79 cents. This is only going to get better if China can keep the economy and their cities open from another shut down. Remember, the yuan was worth around 17 cents before the pandemic shut down. If the yuan can get back to even 16 cents, that would be almost a 16% increase . At 17 cents that would be more than a 24% increase and that could happen this year.
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