IPW - a penny energy stock LONG

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IPW on the 60 minute chart has went 3X since a big beat on earnings and revenue a couple of

weeks ago Price peaked at the 3.4 area in the post earnings move higher had has now faded to

1.9 in a healthy pullback and Fib retracement. The down trend from the pivot high on 5/17

ended with a bottom and a golden cross of moving averages on May 22nd. The all-time high for

was in the range of 8 back in 2022. I see IPW as having as much as 400% upside. I will take

a swing long trade and likely carry it to the next earnings in about 11 weeks. The entry stop loss

will be 1.7 to be raised as the trade progresses.
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Nice move higher today so stop loss raised to a trailing 5%. Trade s now risk and stress free with low management effort.
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Price action with bullish momentum. I want to add to the position but will not until
I see a pullback. I may take 20% off on Thursday afternoon or Friday morning.
(unrealized profit is 20%)
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快照
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No pullback yet. Patient and watching the move up.
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25% of trade closed at 2.75. Holding 75% for a longer trade.
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Another good move higher from the dip Holding for a higher target.
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Price moving higher. Targeting 2.7 this time.
energystockerxFibonacciIPWpennystock

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