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International Petroleum: First Buy Signal, but Confirmation Disappoints

Buy signal in week one for International Petroleum, but the confirmation week closed bearish. IQS Phase at 49, medium-weak signal strength, 37th out of 55 EU-UK longs: a case to watch with a tight stop.

In Summary
International Petroleum Corp. opens a buy signal in week one, but the confirmation week closed bearish. IQS Phase at 49 out of 100, medium-weak signal strength, 37th out of 55 EU-UK longs running: the system has issued an early exit warning. The setup is not closed, but caution is warranted.
Open BUY ·1st week from start ·EU-UK stocks ·T1
IQS Phase
49
ordinary
Signal Strength
49
medium · weak
Sizing
REDUCED
Ranking
#37 / 55
EU-UK stocks in progress
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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