IMPP GAS / CARGO STOCK
Imperial Petroleum, Lowest float & market cap GAS stock on WEBULL.
The webull readout said 3000% of the float was turned over yesterday on tuesday, adn then today another 3000% of the float was turned over. The company did an offering for 11,000,000$ underwritten for ships, cargo / oil shipping.
With the war on Ukraine, this is exactly the type of stock I used to hedge for inflation and to help provide a means of production at the same time to reduce the cost of oil.
My projection is neutral but long.
1.25 was our high of the day, with a low of about 1.03, targets are approximately 1.50 2.10 3.50.
Short interest is 100% utilized, the borrowing fee is 100% annual.
The float is 14,000,000 total.
There is a small chance for a retracement to the .80s, but it would still be a good valued stock at these levels.
OIL and SHIPPING will grow over the next 6 months I believe.
it looks like shoulder 2 of a large Elliot wave.
The webull readout said 3000% of the float was turned over yesterday on tuesday, adn then today another 3000% of the float was turned over. The company did an offering for 11,000,000$ underwritten for ships, cargo / oil shipping.
With the war on Ukraine, this is exactly the type of stock I used to hedge for inflation and to help provide a means of production at the same time to reduce the cost of oil.
My projection is neutral but long.
1.25 was our high of the day, with a low of about 1.03, targets are approximately 1.50 2.10 3.50.
Short interest is 100% utilized, the borrowing fee is 100% annual.
The float is 14,000,000 total.
There is a small chance for a retracement to the .80s, but it would still be a good valued stock at these levels.
OIL and SHIPPING will grow over the next 6 months I believe.
it looks like shoulder 2 of a large Elliot wave.
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