IPW - a penny energy stock LONGIPW on the 60 minute chart has went 3X since a big beat on earnings and revenue a couple of
weeks ago Price peaked at the 3.4 area in the post earnings move higher had has now faded to
1.9 in a healthy pullback and Fib retracement. The down trend from the pivot high on 5/17
ended with a bottom and a golden cross of moving averages on May 22nd. The all-time high for
was in the range of 8 back in 2022. I see IPW as having as much as 400% upside. I will take
a swing long trade and likely carry it to the next earnings in about 11 weeks. The entry stop loss
will be 1.7 to be raised as the trade progresses.
