Indonesian energy company stock news and forecast. OPEC plans to cut supply

Indo's stock has again become a hot topic on social media finance websites as it surged significantly on Tuesday. Indo's share price has a precedent here. As early as March, there was a parabola in the epic run on energy stocks(B&R X20DI9371 Digital Input Module, Allen Bradley 1746-IB16 Input Module, Siemens 3RT2036-1AF00 Contactor). Now memo traders have caught some bullish oil news and returned to some favorite memo oil stocks. Indo and Houston American energy energy (Husa) are the old favorites, and both had obvious gains on Tuesday.

As mentioned above, Indo has done this before, but as early as March, it rose parabolic to $86, which shows how extreme these types of rebounds can become. In my opinion, trying to short is foolish, because there may be more motivation to enter the name. Our goal is always to manage the probability and risk of any transaction. Using options can be a useful mechanism to do this. If you are bullish, buy an out of price call option, and when the trend seems to have been exhausted, buy an out of price put option.

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