BATS:INDO   Indonesia Energy Corporation Limited
-Weekly 26 EMA pointing upwards.
-Weekly high volume 26 EMA break.
-Weekly MACD just passed to upper half.

-Long trades recommended.

-15 min consolidation area with price right now negotiating at the bottom edge forming a probable reverse head and shoulders pattern that includes a shakeout move.

Entry after the completion of the reverse head and shoulders with a clear strong bull candle.

Stop loss below the pattern.

Target on the opposite extreme or on some next reference point.

The trade here is indicative and it is an ambitious idea. To do so, after the successful entrance that will confirm the direction, position management is necessary to evaluate the health of the movement.

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