-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...
There is a lot to say here. in 2022 when Russia invaded the Ukraine INDO (a junk energy company) rocketed from 5 dollars a share up to 86 as gas and oil was put under strain and Europe started having fear of supply issues.
Does that catalyst exist now?
I believe yes. Nobody seems to have the Israel-Iran/rest of the middle east situation correct. This is not...
INDO may have spontaneously did a moonshort buy more likely it was the geopolitical
issues of Iran and a hypothetical reginal conflict impacting Iranian oil exports and the effect
on oil prices and energy companies everywhere including in Indonesia where INDO is based.
The chart shows abrupt volume and volatility out of no where almost instantly.
On deeper...
Digital Financial Asset Privacy is the new Oil.
Indonesia shell company micro-caps are not!
be safe with this ticker, it could still double again from $40
however risk is best managed by exiting all positions here, in the moment of peak euphoria and illiquidity
Thank you for your likes and shares !
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A probable nice opportunity here with the INDO price running again in its historical narrow channel.
Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 1.52 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration...
Looking to take a trade on INDO for an upward move. I am seeing a pennant form here with volume and RSI lining up. Will be looking for some volume going into the open market with a MACD cross. I think with news on challenging oil supplies will help add to push this stock above $14-15 tomorrow. (Not Financial Advice)
- Commodity push incoming I feel.
- Beaten down due to some big investor unloading 9 mill shares or something along those lines a while ago, which is why it changed from being small cap leader among HUSA, IMPP and CEI for energy push.
Big volume coming in now. Ya love to see it.
- Oil swung lows and all commodities are on some support at the moment. If we get a...
Definitely a more risky play but if it holds the yellow box it could be mega moves up.
Origin of pop. You want it to hold
Any action below 5.95 = BAIL BAIL BAIL
This ticker is DEAD
we broke our triangle down , however we seeing a strong buying pressure above our current support the 6$,now we going to retest our Resistant around the 9.455$, and if we got rejected, we will continue to go down to retest the support 6$, and if we did't hold, we will see the price go to the bottom price level for this year above the 3.40$.
and if over come the...
Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.63 million barrels located to the northwest of Pendopo, Pali, and South Sumatra; and the Citarum Block, an...
Indonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.63 million barrels located to the northwest of Pendopo, Pali, and South Sumatra; and the Citarum Block, an...
INDO is a nice buy right now from a TA standpoint. We broke the .618 Fibonacci Golden Mean level, which may very well be the most important S&R level. The .786 level is better known as "the line in the sand" which was unequivically obeyed. My projection is first $55, then $85/$86 after that before very major resistance.
Chart request for @Othman07,
Explosive impulse has wicked through long and short range fibs to form a very large star - bearish.
And with RSI hitting 95 that will most probably be that for this name ala AMC.
This will probably form and evening star on the weekly and I would be very surprised if there is still candle body above the fibs by the end of the...
Last Closing Price: $61.50
50-Day Simple Moving Average: $7.00
Volume Weighted Average Price: $63.50
Relative Strength Index: 94.48
20-Day Average Daily Volume: 17,946,576
Shares Outstanding: 7,447,95
Available Borrow: 0
Borrow Fee Rate: 0%
News of a potential ban on Russian oil in the U.S. on Monday led to a rally in nearly every small-cap stock...
Stonegate Capital Partners Updates Coverage On Indonesia Energy Corporation Limited (NYSEAM:INDO)
DALLAS, TX / ACCESSWIRE / February 3, 2022 / Indonesia Energy Corporation Limited (NYSE American:INDO) : The full report can be accessed by clicking on the following link: stonegateinc.com Feb2022.pdf
COMPANY DESCRIPTION
Indonesia Energy Corporation Limited (IEC),...
Fusion Fuel Portugal Secures Nearly €10m in Grants for its Benavente Electrolyzer Production Facility
SINTRA, Portugal, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Portugal, the wholly-owned subsidiary of Fusion Fuel Green plc (NASDAQ: HTOO), announced today that its industrial production facility in Benavente has been deemed a project of merit by AICEP,...
