INDO- an Asian oil company jumps on geopolitical event LONG
Updated
INDO 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.
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.
Order cancelled
Price moved down - Watching for reversal to upside. Cannot be shorted.Note
Price slowly drifting down to the target entry of 4.5. Patiently watching.Note
Entered at my desired price with a little slippage. Price pushed higher. Trade is now risk free and profitable as the trailing stop loss of 10% is 12% aboe the entry. Easy trade after the patient wait for the pullback.
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