MonkeyApe
2022-03-29

$Imperial Petroleum Inc(IMPP)$Would love to see how this plays out today, was expecting a bullish move yesterday given that it closed lower on Friday markets, but IMPP could have closed lower today due to the news of Shanghai lockdown that brought the price of crude oil down by more than7%, and the fact that IMPP is an oil stock that depends on the price of oil partly in making either aupward move or downward move.

The stock rebounded on 23/03 as shown in the 1st picture, when it reached resistance levels of around 1.50, and made a jump to around 2.20, nowwe see this stock going back to its previous resistance levels, but didn't really touch 1.50, stayed above 1.55 during yesterday's whole trading day, all I can say is if this is shorted in premarket to 1.50 levels, we can expect to see a bullish move, perhaps even a small squeeze to $2.00 levels, but how far this squeezes or goes up in today's market also depends on how crude oil prices trade today, if crude oil manages to break even from yesterday's closing price and rise back to $110+ we can be strongly confident of a bullish move in IMPPtoday!

With that said, we must also bear in mind that this is the US Market, and post-covid there have been many more stocks that don't obey fundamentals and either rise or fall based on sentiments, social media, and the 'meme' factor, just like AMC or GME! Therefore even with positive bullish news out there, we must always be careful when we trade, and carefully observe trading charts to find patters, and where it is most likely to rebound, and learn more so that we can somewhat forecast what can happen next! I'd definitely say that withthis you must definitely do your own DD before entering into any stock/company and do it at yourown risk and put in how much you're willing to sacrifice for a gain, keeping in mind a possible lossas well! To end this I say please invest carefully, play safely, and hope you can enjoy profits and make what you can in this overall bear market with lots of stock prices available at discounted prices! 

Tiger Trade suggests a predicted trend where wecan see IMPP moving up to $3-4 levels, which I would love for it to happen, but it's a matter of time to tell when this stock will make its bullish move!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HilaryWilde
    2022-03-29
    HilaryWilde
    我认为油价上涨的时代已经结束,现在拥有帝国石油公司有一些风险。
    • HilaryWildeReplyMonkeyApe
      希望你能在这只股票上获利!
    • MonkeyApe
      嗯,今天原油应该会突破昨天的收盘价105.97,希望这对今天IMPP的交易有积极的影响,让所有人都抱着最好的希望!
  • hehorhe
    2022-03-29
    hehorhe
    可惜我卖
    • hehorheReplyMonkeyApe
      等它降到3美元以下,也许我会买再次
    • MonkeyApe
      嗯,我明白你为什么要卖了,也许是因为油价的下降趋势?你在等着以更低的价格再次进入吗?如果是,你想要什么价格?请开导我‼
  • iceflower
    2022-03-29
    iceflower
    so can buy now?
  • AaronJe
    2022-03-29
    AaronJe
    I can say its trend is good.
  • cheerzy
    2022-03-29
    cheerzy
    I am going to bullish in this stock.
  • TKY1978
    2022-03-30
    TKY1978
    TRade with care
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