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INDO

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.
AMEX:INDOLong
by AwesomeAvani
3
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
NASDAQ:IMPPLong
by AwesomeAvani
1
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
AMEX:INDOLong
by SlapAsksLiftOffers
1
Falling wedge pattern with big profit expectancy 3-5 fold $APT The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. This article explains the structure of a falling wedge formation, its importance as well as technical approach to trading this pattern. We will discuss the rising wedge pattern in a separate blog post. How to trade it : A: falling wedges entries are right on the breakout however , such a mega falling wedge to be played differently. Entry: after breaking the wedge's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either $3 price mark, or a Pre defined level per your trading conditions however , you should give the trade a room . B Buy and slice while it's moving up . The setup is crazy and might go five to ten fold increase , Yes I know what I'm talking about , Check my other ideas here $INDO . Check out Good luck!
AMEX:APTLong
by K-alonzi
1
Someone Is Smoking INDO: Apes are high on Indonesia Energy Corp. Last Closing Price: $61.50 50-Day Simple Moving Average: $7.00 Volume Weighted Average Price: $63.50 Relative Strength Index: 94.48 20-Day Average Daily Volume: 17,946,576 Shares Outstanding: 7,447,95 Available Borrow: 0 Borrow Fee Rate: 0% News of a potential ban on Russian oil in the U.S. on Monday led to a rally in nearly every small-cap stock remotely related to oil. The darling of the bunch was Indonesia Energy Corporation Ltd. AMEX:INDO , which is the latest battleground stock of self-styled retail apes. A month ago, it was hovering around $4.30 per share. Yesterday, it closed at $61.50. Here’s why it won’t cruise at that altitude for long. No matter what happens to the Indonesian Crude Price index, and no matter how many barrels the company pumps from its one producing oil block, INDO won’t generate sufficient cash flow to fund its operations and capital expenditures this year. That’s not just our opinion. It’s what the company shared in the notes to its most recent financial statements , which, like the notes to its previous financial statements , disclose doubts about the company’s ability to continue as a going concern. Founded in 2018, INDO is a development-stage cash furnace that burned through $2,835,512 in the latter half of 2021. Its operating loss for the six-month period was $2,933,230, which was an improvement from the $3,838,218 it lost in the second half of 2020. The losses will continue as the company ploughs resources into finding sufficient reserves in its non-producing Citarum Block. Drilling for cash To accomplish its ambitious plans, INDO will have to raise significant additional financing within the next 12 months. As of Nov. 30, 2021, insiders controlled 79% of the company’s ordinary shares outstanding, and the company had a public float of only 1,547,685 shares. Thus even a modest issuance of less than 1,000,000 shares could significantly dilute shareholders and put downward pressure on the company’s stock price. In January, shareholders got a taste of the kind of financing INDO will likely come to depend on. The company sold a $7,000,000 private placement of an 18-month convertible note with a conversion price of $6.00 per share and five-year warrants to purchase up to 537,070 ordinary shares at $6.00 per share. Issuing all the underlying shares would more than double INDO’s public float and increase total shares outstanding by 23%. Terms of the placement favored the buyer over the issuer. The note was sold at a 6% discount to face value, and the conversion price of $6.00 per share is subject to full ratchet anti-dilution adjustments if the company issues additional ordinary shares. The buyer was L1 Capital Global Opportunities Master Fund, Ltd., which is a hedge fund that routinely participates in such private placements. Legacy of losses Let’s take a look at what tends to happen when issuers sell shares to L1 Capital. This table shows 73 private placements in which the hedge fund has participated since 2017. We selected only private placements of stocks that were publicly traded at the time of the sale so that we could compare the adjusted closing price on the date of the share purchase agreement (SPA) with yesterday’s closing price. The average annualized rate of return is -43%. If history is any guide, INDO’s moment as a high flyer will be brief.
AMEX:INDOShort
by shortfinder