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Stock Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)

Strong Downtrend (-100) - INDO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INDO continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid INDO?

MarketClub looks at technical strength and momentum to determine if the timing is right for INDO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

AMEX_INDO
Open High Low INDO Price Change
2.5900 2.6900 2.5812 2.5900 0.0000
Entry Signal

MarketClub’s Trade Triangles for INDO

long term down The long-term trend has been DOWN since Jun 9th, 2022 at 10.82

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 3.45

short term down The short-term trend has been DOWN since Nov 1st, 2023 at 3.55

Smart Scan Analysis for INDO

Based on our trend formula, INDO is rated as a -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
2.5900 2.6900 2.5812 2.5900 0.0000
Prev. Close Volume Bid Ask Time
2.5900 14758 2023-12-08 13:51:32
52wk High6.9352wk High Date2023-01-17
52wk Low2.5652wk Low Date2023-12-07
Average Volume47,603Shares Outstanding7,408
Assets15,575,808MLiabilities3,217,749M
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