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candlestickninja

Very nice buy opportunity with multiple bullish indications

Long
Indonesia Energy Corporation Limited (AMEX:INDO)  
candlestickninja  
AMEX:INDO   Indonesia Energy Corporation Limited
Technical Indicators Chart Patterns Trend Analysis
3
0
indicator chartpattern trendanalysis
INDO is a nice buy right now from a TA standpoint. We broke the .618 Fibonacci Golden Mean level, which may very well be the most important S&R level. The .786 level is better known as "the line in the sand" which was unequivically obeyed. My projection is first $55, then $85/$86 after that before very major resistance.
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