INP - Innamincka Petroleum
- Thread starter Aceyducey
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The price seems to be sinking inexoribly towards $1.17.
Talbot, Numbla Vale, Wecker are ceasing to be substantial holders. I think that they would hang on if they saw quick gains coming.
I wonder if BHP/RIO & Fortescue are soaking up interest that might otherwise help INP.
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The price seems to be sinking inexoribly towards $1.17.
Talbot, Numbla Vale, Wecker are ceasing to be substantial holders. I think that they would hang on if they saw quick gains coming.
I wonder if BHP/RIO & Fortescue are soaking up interest that might otherwise help INP.
Just realised that these holders have ceased to be substntial holders because of the issuing of new shres.
Long,
It is only ceased due to cap raising, chart wise following candlesticks, it looks like it is hammering out a bottom.
My take on it is it is getting ready for a move up or down in the next 1-2 weeks as it has gone sideways for one month.
No chartists on here willing to give an opinion to help me????
It is only ceased due to cap raising, chart wise following candlesticks, it looks like it is hammering out a bottom.
My take on it is it is getting ready for a move up or down in the next 1-2 weeks as it has gone sideways for one month.
No chartists on here willing to give an opinion to help me????
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Long,
It is only ceased due to cap raising, chart wise following candlesticks, it looks like it is hammering out a bottom.
My take on it is it is getting ready for a move up or down in the next 1-2 weeks as it has gone sideways for one month.
No chartists on here willing to give an opinion to help me????
Lioness, I am not a chartist but I can't help noticing that the downward trend is not flattening much. However the volatility seems to be decreasing since the oscillations in price have decreased. So appears to be stabilising
No encouraging that recent oil price rises have had no impact.
Is the market waiting for the next drilling results?
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From the 3 month chart we can see a number of things:
The sp had found support at 1.22, which tested and held 3 times but actually broke through that short term support mid November. The chart shows it has been making lower highs and now with break of support lower lows.
It formed a descending pennant which we could have seen a break up or down which we have seen break down.
Volume is tapering right off and the MACD does not look like the downtrend is slowing down at all yet.
Stochastics show that the sell down has been slow and steady and does not look oversold at all, sitting right in the mid range.
The positives are that it has not been sold down on volume, although there is very little support chartwise now, maybe at 1.12 but that is very very short term support and I would not expect that to hold in the event of a sell down.
Could be a case of punters waiting for further news before buying in and impatient holders are slowly selling off the stock in small volume.
The sp had found support at 1.22, which tested and held 3 times but actually broke through that short term support mid November. The chart shows it has been making lower highs and now with break of support lower lows.
It formed a descending pennant which we could have seen a break up or down which we have seen break down.
Volume is tapering right off and the MACD does not look like the downtrend is slowing down at all yet.
Stochastics show that the sell down has been slow and steady and does not look oversold at all, sitting right in the mid range.
The positives are that it has not been sold down on volume, although there is very little support chartwise now, maybe at 1.12 but that is very very short term support and I would not expect that to hold in the event of a sell down.
Could be a case of punters waiting for further news before buying in and impatient holders are slowly selling off the stock in small volume.
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Thank you dj_420. Can you please point me to a site that explains the plots & terms. ...............................................................................................................................
chops_a_must
Printing My Own Money
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I actually like the chart on this one DJ.
I don't think it is down-trending, especially considering the overall market, but is rather being consolidated. Reminds me of AED before a couple of its huge breakouts.
Has support about 1.125 - 1.13 and any break through there might be fatal... but these enormous breakouts on volume don't tend to reverse for a while.
Anyway, someone that likes the B bands might take an interest in a set up like this...
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Your prob right and consolidation is occuring, it may drift lower on now news though with current state of markets.
Yesterday was green for INP though I think. Probably a lot of ppl waiting for further news on this one before becoming fully invested given AED failures to keep up with production forecasts.
Dj,
look like you were the one who was right, what a disaster for me, never though it would drop 30%. I have decided to stay in though as the downward wedge looks like a sharp rebound may occur.
I expect them to announce a significant upgrade in Jan and surprise the market also.
look like you were the one who was right, what a disaster for me, never though it would drop 30%. I have decided to stay in though as the downward wedge looks like a sharp rebound may occur.
I expect them to announce a significant upgrade in Jan and surprise the market also.
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I like these guys but would like to see a different chart before buying in, slowly but surely drifting lower and lower.
When do we get some news on recovery rates etc? Or upgrade?
When do we get some news on recovery rates etc? Or upgrade?
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Sorry Long$$$ I missed your post
If you go onto www.bigcharts.com and go to the charting sections you can click on the terms and it brings up a definition.
AGM is tomorrow DJ, we may get news then, being deliberately held down IMO, but looks like a slow turnaround on the cards now.
losing here big time now, but will still hold.Daaussie,
Expect the share price to hit 1.50 by next Friday. Something big is brewing here. I will retire off this.
This is the next resistance level which Talbot will see his money returned.
DJ_420 help please
Hi DJ,
Can you please give an update on your chart analysis on INP.
I think on Friday it turned the corner and a new uptrend is in place.
What are your thoughts now??
If it can break 1.50 we may well see this head much higher.
What do you think.
Anyone else care to help me??
Hi DJ,
Can you please give an update on your chart analysis on INP.
I think on Friday it turned the corner and a new uptrend is in place.
What are your thoughts now??
If it can break 1.50 we may well see this head much higher.
What do you think.
Anyone else care to help me??