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IMPP- a volatile penny energy stock LONG
Imperial Petroleum Inc.
Long
IMPP- a volatile penny energy stock LONG
By AwesomeAvani
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Updated
Apr 15
3
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Apr 15
IMPP 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
Apr 15
Comment
Zoom- in showing support and pivot low for stop loss placement
Apr 15
Comment
INDO ( Indonesia Energy Corp) zoomed -in
Apr 15
Trade active
Price hit the first two targets- and partial profits have been taken.
bollingerbandstrategy
Fibonacci
Growth
IMPP
INDO
longusoil
oilproducers
UCO
USO
Crude Oil WTI
Value
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