IQE.L#169
Thesis
IQE holding key Fib 0.236 support during sector consolidation; thesis intact; healthy pullback after vertical move
By @Allstarsv16 · View post ↗
Original post text
$IQE holding Fib 0.236 support while the sector takes a breather. $SIVE $SOI $XFAB all pulling back. Healthy consolidation after a vertical move. The thesis has not changed. The supply chain has not changed.
🐂 Bull Case
- Weinstein stage 2 (advancing) - trend confirmed up; PT 54.00 (+20.0%)
- Price 45.00 above SMA50 43.35 - momentum bid intact; PT 63.00 (52w high)
- PEG 0.45 - growth reasonably priced; PT 51.75
- RSI 49 - room to run before overbought
🐻 Bear Case
- Sector Technology cyclicality risk
🚫 Invalidation
Close below $16.70 (95% of SMA200) on above-avg volume
Break Conditions
- Close below SMA200 (17.58) on weekly timeframe
- Earnings miss > 10% on revenue
Price Tracking
| Label | Ticker | Price | Recorded |
|---|---|---|---|
| t+3d | IQE.L | $41.25 | 2026-06-09 18:36:40 |
Metadata
T0 Price: $45.00
Created: 2026-06-06 18:32:30
Scored: 2026-06-06T18:34:18.956115+00:00
Updated: 2026-06-09T18:36:40.482394+00:00