IPW - a penny energy stock LONG
Updated
IPW on the 60 minute chart has went 3X since a big beat on earnings and revenue a couple of
weeks ago Price peaked at the 3.4 area in the post earnings move higher had has now faded to
1.9 in a healthy pullback and Fib retracement. The down trend from the pivot high on 5/17
ended with a bottom and a golden cross of moving averages on May 22nd. The all-time high for
was in the range of 8 back in 2022. I see IPW as having as much as 400% upside. I will take
a swing long trade and likely carry it to the next earnings in about 11 weeks. The entry stop loss
will be 1.7 to be raised as the trade progresses.
weeks ago Price peaked at the 3.4 area in the post earnings move higher had has now faded to
1.9 in a healthy pullback and Fib retracement. The down trend from the pivot high on 5/17
ended with a bottom and a golden cross of moving averages on May 22nd. The all-time high for
was in the range of 8 back in 2022. I see IPW as having as much as 400% upside. I will take
a swing long trade and likely carry it to the next earnings in about 11 weeks. The entry stop loss
will be 1.7 to be raised as the trade progresses.
Trade active
Nice move higher today so stop loss raised to a trailing 5%. Trade s now risk and stress free with low management effort.Note
Price action with bullish momentum. I want to add to the position but will not untilI see a pullback. I may take 20% off on Thursday afternoon or Friday morning.
(unrealized profit is 20%)
Note
Note
No pullback yet. Patient and watching the move up.Trade active
25% of trade closed at 2.75. Holding 75% for a longer trade.Trade active
Another good move higher from the dip Holding for a higher target.Trade active
Price moving higher. Targeting 2.7 this time.
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