INDO- an Asian oil company jumps on geopolitical event LONGINDO 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 analysis, INDO started moving about April 1st the same date Israel successfully
targeted Iranian generals directing operations through proxies in the ambassadorship complex
in Damascus. This chart underscores how geopolitics can and does affect certain markets
in real time. The conflict is on pause while both sides and their allies assess strategic options.
I believe that INDO could continue but then again its momentum could fail and it could roll over
and fall Watching oil price will be a tip off here. Penny stocks are like catching a knife flying in
the air and then trying to throw it higher. There is some risk involved in hunting the reward.
IMPP
IMPP- a volatile penny energy stock LONGIMPP stands to gain market cap if the barrel price of oil moves on the global markets under
the pressure of geopolitics in the Middle East. While it is a domestic producer and not involved
in transoceanic oil tanker transport, the price of oil is a global dynamic in real time. As a small
cap, when the oil price moves and IMPP's fixed expenses remain static, margins can increase
in a curvilinear fashion. IMPP once traded in the 40 share price range. I believe it is well
situated to jump if oil prices escalate in the near term. For another similar penny energy stock
albeit not domestic take a look at INDO. Targets are on the chart 15%, 30%, 30%, 25% partial
closures at each averaging 10-15% overall
IMPP Imperial Petroleum Options Ahead of EarningsAnalyzing the options chain and the chart patterns of IMPP Imperial Petroleum prior to the earnings report this week,
I would consider purchasing the 2usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
IMPP a volatile penny oil/energy LONG pre-earningsIMPP is rising from its lows of July after falling from a triple top in June at 3.8 which is
the target for a long trade. Price is now above the POC line of an intermediate term volume
profile having crossed the mean VWAP line anchored at the share split (purple and thick black
lines respectively). Price bounced off the first negative standard deviation line making this
a VWAP band bounce. The MACD lines are upgoing and so diverging. I see a stop loss of
0.2 as compared with a profit target of 0.6 making this setup a r:R ratio of 1:3. I will go long
here also knowing of the rising energy sector supporting this ticker. This stock is a retail
trader favorite when energy is" hot". With earnings in the morning, for me this is a no brainer
to buy in the premarket and if rising complement with a call option. If you want my idea of
a good call option, please ask in a comment.
INDO and all things OIL PUSH BABY PUSH- 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 push higher from the sector I think energy is a solid bet.
- France energy is 70% nuclear and an exporter to EU. Currently in a heatwave where water is too hot to be properly cooled and released back to the river or wherever its coming from. Another supply constraint that could be just around the corner if they have to power down reactors = Yet another bid on energy in an already constrained supply
- Nothing changing with EU/Russia relations means we have the backing for a push moving forward for oil and energy in general and this puppy is correlated to CL like a MF.
- Many more macro tailwinds but not getting into it all. Looks like up only TV
ENSV and Oil, Up Up and Away?I'm still researching, i.e. justifying my bag holding, XOM and NINE have both had good surprises for their earning reports. We'll keep an eye on the rest of the sector as they have earnings reported, but I suspect they are all going to be good surprises for a big win in the next week or two.
$IMPP is Going to Crush ItWatch IMPP. This stock is going up. I have a stop currently at $1.9, bought in at $2. I will switch my stop to a trail stop of $2 when the stock reaches $6. The reason I like this stock is it has to do with commodities which are on shaky ground right now and if you look at the volume after going over the 200 MACD cloud, it's been sustained. This stock will pump hard with it's low float too.