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Stock Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Indonesia Energy Corporation Limited (AMEX:INDO)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

AMEX_INDO
Open High Low INDO Price Change
7.3400 7.6000 7.3000 7.3008 -0.2092
Entry Signal

MarketClub’s Trade Triangles for INDO

long term down The long term trend has been DOWN since Dec 23rd, 2019 at 9.25

intermediate term down The intermediate term trend has been DOWN since Dec 23rd, 2019 at 9.25

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 7.85

Smart Scan Analysis for INDO

Based on a pre-defined weighted trend formula for chart analysis, INDO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for INDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.3400 7.6000 7.3000 7.3008 -0.2092
Prev. Close Volume Bid Ask Time
7.9500 9573 2020-01-28 14:11:53
52wk High12.4952wk High Date2019-12-20
52wk Low652wk Low Date2019-12-24
Average Volume91,578
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