GoldViewFX - DAILY CHART UPDATE Hey Everyone,
We have been following this daily chart for a while now and our setup and analysis is playing out, as planned. We remain Bullish on the daily chart with some expected retracement but the lowest correction we can see is 1857, which is the new daily chart swing range, as the range has moved up.
Both the previous EMA5 break and close at the significant Daily chart Goldturns have opened targets that were HIT perfectly. 1927 is the next significant Daily chart Goldturn that needed a EMA5 cross and lock, which is now confirmed and opened targets to 1977, 2027.
We will trade the levels on our H1 chart and use the daily chart to support the movement. We remain confident in our setups and will update all our followers with any changes to our plans.
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
Buysetup
GoldViewFX - UPDATED LEVELS, TARGETS & TRADING PLAN $Hey Everyone,
After an awesome finish to last week we would like to wish everyone good luck for the week ahead.
We have updated the H1 Goldturn trading levels and targets.
We remain Bullish and our setup allows us to take buys from support levels within the retracement range and even the swing range with low exposure.
1974 will likely be challenged on market open. We will look to see how EMA5 reacts to 1974. A break of 1974 with EMA5 will open the gateway to 2000 plus. A failure to break this with a new Goldturn created below 1974 can provide the momentum to test the full swing range to 1920. A break below 1920 will open the lower levels in which case we will update our setups accordingly.
To trade a Bullish setup like this requires experience, just because we can see upper levels of 2004 doesn't mean we chase this now. Knowing this target is open allows us to buy from support levels confidently and exit early within the current range. This protects me from getting stuck when the Bulls hit the BRAKE and leave traders crashing!
I will be trading this by taking buys from support levels within the Blue zone range and taking profit on the red zones. I will only target the upper levels once 1974 has broken and some targets above get hit and then once price finds support close to 1974 . This gives us a quick blueprint of the new range to trade from the support levels. I find this to be the safest way to ride a Bull run to all time highs. However If I do decide to take some some buys without waiting for support or a blue print of the new range then I will keep the retracement and swing range in mind to risk manage my exposure.
As always we will keep you all updated with daily updates on the targets we will take and any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$MXC Next Target PT 55 and higherMexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Ohio. As of March 31, 2021, the company's total estimated proved reserves were approximately 1.504 million barrels of oil equivalent. It also owned leasehold mineral and royalty interests in approximately 3,169 net acres. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in April 1980. Mexco Energy Corporation was incorporated in 1972 and is based in Midland, Texas.
$INDO Next Target PT 75 and higherStonegate 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), through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds 100% interests in the Kruh Block, a producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels located to the northwest of Pendopo, Pali, South Sumatra. The Company's Citarum Block is an exploration block covering an area of 969,807 acres located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia and has a representative office in Danville, CA.
SUMMARY
Stable cash flow generating property - The Company's Kruh Block is an onshore, producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels. The block produced an average of 200 BOPD in 2020 with average production costs of $21.34 per barrel of oil.
Drilling program points to further growth - IEC's short-to-medium term objectives for the Kruh Block entails (1) optimizing the block's upside potential to increase reserve value, (2) increase production within the next 4 years with 18 new wells, and (3) generate free cash flow and increase IEC's value. To this end, IEC launched a reserve development plan that will see it drill 3 new wells in 2021 followed by 3 wells in 2022, 6 wells in 2023 and 3 wells in 2024. Each well is expected to cost ~ $1.5M and once all 18 wells are completed, IEC is targeting $264M in future net revenue.
'Derisked' assets with proven presence of hydrocarbons -The Citarum Block is an exploration block covering an area of 969,807 acres located onshore in West Java. The block is located 16 miles from Jakarta, a major gas consumption area in Indonesia, which significantly derisks the asset. Additionally, the Citarum Block is in the Northwest Java basin, which has a long history of exploration and production since the 1960's. Importantly, the area has an existing pipeline network that will allow the gas produced from the Citarum Block to be directly distributed into the market. IEC's first priority with the asset is to confirm the value of the block by proving reserves and then monetize the asset through production and sale of natural gas.
Indonesia has positive macroeconomic drivers - Indonesia is the largest economy in Southeast Asia, the fourth most populous nation in the world, and the 16th largest global economy. Additionally, over the past 10 years, Indonesia average annual GDP growth rate has been more than 5% per year. Given these macroeconomic tailwinds, total Indonesian energy demand is projected to grow 5.3% per year through 2050.
Valuation - We are using a DCF model to generate a NPV for the Company's Kruh Block. We model production numbers and costs largely aligned with management's forecasts. We then use a 10% discount rate and incorporate a sensitivity analysis to crude prices to arrive at our valuation range of US$7.75 to US$11.75 with a mid-point of US$9.75. See page 6 for more details along with our discussion on potential upside for the Citarum block.
GoldViewFX - 1H CHART UPDATEThis chart needs no introduction!!!
We have used these Goldturn LEVELS to enjoy buying from every Goldturn support and banking on Goldturn resistance. We confidently remained Bullish and called the targets UP together with signal activation we were able to plan and execute entries and exits safely.
1939, 1948, 1953 and 1960 ALL HIT !!!! 1974 open but I will come back Sunday with an updated plan with updated levels for the coming week. Please look out for our Trading plan on Sunday.
Please support us with likes and comments, Thank you!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART UPDATEHey Everyone,
BOOOM !!! BOOOOM!!! BOOOM!!!!
We absolutely smashed the targets!!!
We confidently called the 1940 and 1959 Target on the 4H chart setup, which we have been following closely throughout week. The retracement and swing range gave us the confidence to remain Bullish buying dips and our intra day H1 levels allowed us to trade this up safely.
We have banked plenty of pips for the week and now starting the weekend early. I will be back before market opens on Sunday with analysis and a trading plan for the coming week.
Please don't forget to hit like, the 100 plus likes is not going un-noticed. Thank You!!!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
What an awesome day for us and our followers. We called it all the way up with plenty of entries and exits within the levels.
Dips to previous day Goldturn 1922 gave us the first entry and then 1926 Intra day Goldturn gave us more buying opportunities, all the way to take profit at 1939.
Our Analysis played out perfectly once again!!
We remain bullish buying DIPs and have now moved our swing range up to 1897 to support the bullish structure. We have an immediate retracement range of 1926 Goldturn, to look out for buying opportunities.
We have 1939, 1948, 1953 and 1960 as TARGETS. We will take these with signal confirmations and continue to buy dips from support and exiting early with 20 to 30 pips, knowing we have targets above give us the confidence to milk the range! Any changes to the structure and setup, we will keep you all updated.
We have NFP tomorrow so we plan to stay out in the morning and then look for a support entry after the movement.
Please don't forget to like, comment and follow to support us, we are loving the 100 plus likes!!!
GoldViewFX
XAUUSD TOP AUTHOR
$INVA to head higher after pulling back to broken resistance?* Good earnings in the recent quarters
* Good up trend in the recent 2 years
* High 3-month RS of 34.4 in the Healthcare sector and a RS of 4.0 against the SP500
* UD Ratio of 1.57 meaning it's under accumulation
* Has been holding the earnings gap really well during this time
* Trading well above the 50 day avg volume
Trade Idea:
* You can enter now as this is its second attempt at breaking out.
* If you're looking for a better entry you can look for buying opportunities near the $18.97 area as that should continue to hold as support.
Caution:
* The red lines at $19.84 and $20.54 are from historic highs. We may see resistance around those price levels.
$RMED Target PTs 1.20-3-9 and higherRa Medical Systems Files 510(k) Application for the DABRA Catheter with Braided Overjacket and Six-Month Shelf Life
Ra Medical Systems, Inc., a medical device company, develops, manufactures, and markets excimer lasers for use in the treatment of vascular and dermatological diseases. It offers destruction of arteriosclerotic blockages by laser radiation ablation, a minimally invasive excimer laser and single-use catheter system that is used by physicians in the endovascular treatment of vascular blockages resulting from lower extremity vascular disease. The company sells its products primarily through distributors in the United States. Ra Medical Systems, Inc. was incorporated in 2002 and is headquartered in Carlsbad, California.
$MMAT Parabolic Target PTs 40-45 and higherMeta Materials Inc., a smart materials and photonics company, invents, designs, develops, and manufactures various functional materials and nanocomposites. The company's products include metaAIR, a laser glare protection eyewear; NANOWEB, a revolutionary transparent conductive film; and holoOPTIX, a holographic optical component. Its products include aerospace and defense, automotive, consumer electronics, energy, and medical applications. The company is headquartered in Dartmouth, Canada.
^^ $MMAT & $TSLA share the same R&D facility.
$MMAT also announced they are exploring the option to manufacture battery materials...
$IMPP Next Target PTs 3-4.50-7.80 and higherImperial Petroleum Inc., together with its subsidiaries, provides international seaborne transportation services to oil producers, refineries, and commodities traders. As of September 30, 2021, it owns and operates cargo fleet with capacity is 255,804 dwt. The company was incorporated in 2021 and is based in Athens, Greece. Imperial Petroleum Inc.(NasdaqCM:IMPP.V) operates independently of StealthGas Inc. as of December 3, 2021.
$XELA Next Target PTs .85-.95 and higherExela Technologies, Inc. provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS). The ITPS segment provides lending solutions for mortgages and auto loans; banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination, enrollments, claims processing, and benefits administration communications; and public sector solutions for income tax processing, benefits administration, and records management. It also offers solutions for payment processing and reconciliation, integrated receivable and payables management, document logistics and location services, records management, and electronic storage of data/documents; and software, hardware, professional services, and maintenance related to information and transaction processing automation. The HS segment provides revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for healthcare payer and provider markets. The LLPS segment processes legal claims for class action and mass action settlement administrations, involving project management support, notification, and outreach to claimants; and collects, analyzes, and distributes settlement funds. It also offers data and analytical services in the area of litigation consulting, economic and statistical analysis, expert witness services, and revenue recovery services for delinquent accounts receivable. The company is headquartered in Irving, Texas.
GoldViewFX - 4H CHART UPDATEHey All,
Quick update on our recent popular 4H chart setup that received so many likes, so we thought we would keep it updated with any changes, as the market plays out.
I have moved the swing range up to 1890 and updated a retracement zone for buys that we will bank 20 to 30 pips at a time and if the opportunity is there we will trail it.
Setup is still Bullish and should the new swing range break down, we will adapt and update our 4H chart setup and keep you all posted.
Please don't forget to like, comment and follow we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market update & LEVELSHey Everyone,
Yet again another awesome day of trading. If you followed our analysis, we said we would buy dips and not chase the Bull run from the front, so we took exits on all our longs PERFECTLY. Market followed with plenty of drops to get into buys using our H1 chart levels, Goldturn support to Goldturn resistance. Taking Buys for 20 to 30 Pips from each support allowed plenty of safe exits.
1939 Goldturn Provided the resistance for exits and any sells and the repeat dip to 1920 support gave plenty of Buy opportunities to exit on 1931 Goldturn throughout the day. This is how we play the range!!
We remain Bullish but our setups are geared for Buying from dips from Goldturn support levels within the swing range. A break below the swing range will change this for us, in which case I will update the setup and keep you all updated. But for now to safely ride this trend we must keep jumping on from the retracement rather than the momentum !!!! This then allows a safe exit should the trend change with a breakout.
We will trade the range on the H1 chart levels and buy dips from support levels and exit 20 to 30 pips at a time. Sell signals at this range is also safe for me, but I will only trade small Lots on the shorts and usual risk allocation for the longs.
We have had some great feedback and a strong following in such short space of time, due to the quality of our content and the outcome of all our analysis. Please always remember these are my personal trading ideas for education and support and not to be used for your own Trading without professional advise or experience. Trading is risky always manage your risk and trade safe!
Please don't forget to like, comment and follow to support us, we really appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
$ABEO Next Target PTs .60-1 and higher Abeona Therapeutics Inc., a clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening rare genetic diseases. Its lead programs include EB-101, an autologous, gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa; ABO-102, an adeno-associated virus-based gene therapy for Sanfilippo syndrome type A; and ABO-101, an AAV-based gene therapy for Sanfilippo syndrome type B. The company also develops ABO-201 to treat CLN3 disease; ABO-401 for the treatment of cystic fibrosis; and ABO-5OX for the treatment of genetic eye disorders. In addition, it is developing AAV-based gene therapy through its AIM vector platform programs. The company was formerly known as PlasmaTech Biopharmaceuticals, Inc. and changed its name to Abeona Therapeutics Inc. in June 2015. Abeona Therapeutics Inc. was founded in 1974 and is headquartered in New York, New York.
$MOHO Next Target PT .85 and higher ECMOHO Limited, an investment holding company, operates as an integrated solution provider in the non-medical health and wellness market. The company offers health supplements and food, mother and child care products, personal care products, and household healthcare equipment and cleaning products. It also operates an online e-commerce platform. The company is also involved in the provision of bonded area warehousing; online store operating services; and promotion and marketing services to its brand partners and other brand customers. It serves consumers and retailers. The company was founded in 2011 and is headquartered in Shanghai, the People's Republic of China.
$CTK Next Target PTs .74-.90 and higherCooTek (Cayman) Inc. operates as a mobile internet company in the United States, the People's Republic of China, the United States, and internationally. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages. The company also offers Fengdu Novel, a mobile application that provides users with free online novels; Fengdu Audiobooks; and short video series based on Fengdu Literature Platform content and IP resources. In addition, it provides casual games, including simulation games, such as Farm Hero and Idle Land King Tycoon; puzzle games comprising Hi Hamster; and educational games, such as Puzzle No. 1 and Idiom Hero. Further, the company offers fitness applications comprising Walk Walk; Drink Water Reminder that helps users drink an appropriate amount of water on a daily basis; Happy Jogging, a free pedometer mobile application; and Hailaidian, a mobile application that provides pictures, videos, and music to decorate the call interface and help users have fun when receiving phone calls. It distributes its products and acquires users primarily through user downloads from digital distribution platforms and pre-installations on mobile devices. CooTek (Cayman) Inc. was founded in 2008 and is headquartered in Shanghai, the People's Republic of China.
GoldViewFX - 4H CHART MARKET UPDATEHey All,
BOOOOOM ! ! ! 1940 AXIS TARGET HIT
Thought we start with a Boom! We had an awesome day following our analysis and buying from support at dips and confidently taking it up to 1940 target. The structure remains Bullish and our setups are providing entries at the right support levels using Goldturns. Banking 20 to 30 pips max at a time is helping us avoid any swings minimizing daily drawdowns.
1959 is the next Target, however we will only be taking buy entries from support levels and dips. The safest way to ride a Bull Runs is to sit behind it and not in front of it. Taking the entries from the drops always allows us to ride the Bull and catch the trail rather than the target and getting crushed with a correctional retracement, as price tanks after the run is exhausted.
We have NFP this week and Russia/Ukraine news all impacting the market, however as we have already proven with a strong trading plan and the right setups our analysis is confidently protecting us in this market condition and allowing us to make money and bank pips!
We remain Bullish within the swing range and using the 1H Goldturn chart levels for entries and exits, see blow:
1912, 1920, 1931, 1939 1H CHART TARGETS HIT AND ALL LEVELS AND TARGETS UPDATED
As always any changes to our setups we will update throughout the week on our daily updates. Please don't forget to like, comment and follow to support us, we really appreciate the tons of likes we are getting. THANK YOU!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 4H CHART MARKET UPDATEHey Everyone,
Another awesome day of buying dips from support confidently with our Bullish setups, all thanks to the Bullish structure of the 4H CHART.
We had the Goldturn created above 1890, which gave us the confirmation to buy at that level every time the price dropped. However we maintained discipline and only took the buys with signals. Once we saw the Goldturn created above 1890 and the EMA5 break and close above 1905 opening 1940 axis, it gave us the confidence to buy from any drops close to 1890 level. Using the 1H chart allowed more entries, see below;
We remain Bullish, as the structure supports the setups, but we have our swing range in mind to cover any swings in the current volatile market conditions, this swing range has been maintained perfectly once again. Waiting patiently and buying from dips at Goldturn support levels and taking 20 to 30 pips at a time is the best method for this market condition. Historical back testing has given me years of blueprints to match the right trading style for the right market condition.
As always I will update any changes to the plan throughout the week. However as of now the roadmap is playing our perfectly and so not much update needed. I'm going to be confidently using the range and Goldturns and buying dips from deeper drops from support.
Please don't forget to like, comment and follow to support our work, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
$GBR Target PTs 12-29 and higherNew Concept Energy, Inc. engages in real estate rental business. It owns approximately 190 acres of land located in Parkersburg West Virginia. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. The company was founded in 1978 and is based in Dallas, Texas. New Concept Energy, Inc. is a subsidiary of Arcadian Energy, Inc.
$IMPP Target PT 7.80 and higherImperial Petroleum Inc., together with its subsidiaries, provides international seaborne transportation services to oil producers, refineries, and commodities traders. As of September 30, 2021, it owns and operates cargo fleet with capacity is 255,804 dwt. The company was incorporated in 2021 and is based in Athens, Greece. Imperial Petroleum Inc.(NasdaqCM:IMPP.V) operates independently of StealthGas Inc. as of December 3, 2021.