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Stock Trend Analysis Report

Prepared for you on Monday, May 16, 2022.

Indonesia Energy Corporation Limited Ordinary Shares (AMEX:INDO)

Sidelines Mode (+55) - INDO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
13.5700 18.8600 13.5700 17.5355 +3.7355
Entry Signal

MarketClub’s Trade Triangles for INDO

long term up The long-term trend has been UP since Jan 27th, 2022 at 5.99

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2022 at 16.50

short term up The short-term trend has been UP since May 16th, 2022 at 15.28

Smart Scan Analysis for INDO

Based on our trend formula, INDO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for INDO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.5700 18.8600 13.5700 17.5355 +3.7355
Prev. Close Volume Bid Ask Time
13.8000 8135114 2022-05-16 15:59:47
52wk High86.992252wk High Date2022-03-07
52wk Low2.6152wk Low Date2022-01-26
Average Volume2,113,994Shares Outstanding7,408
Assets15,575,808MLiabilities3,217,749M
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