Cargo
IMPP GAS / CARGO STOCKImperial Petroleum, Lowest float & market cap GAS stock on WEBULL.
The webull readout said 3000% of the float was turned over yesterday on tuesday, adn then today another 3000% of the float was turned over. The company did an offering for 11,000,000$ underwritten for ships, cargo / oil shipping.
With the war on Ukraine, this is exactly the type of stock I used to hedge for inflation and to help provide a means of production at the same time to reduce the cost of oil.
My projection is neutral but long.
1.25 was our high of the day, with a low of about 1.03, targets are approximately 1.50 2.10 3.50.
Short interest is 100% utilized, the borrowing fee is 100% annual.
The float is 14,000,000 total.
There is a small chance for a retracement to the .80s, but it would still be a good valued stock at these levels.
OIL and SHIPPING will grow over the next 6 months I believe.
it looks like shoulder 2 of a large Elliot wave.
CXO/CargoX First of July Mandatory in EgyptHello,
Even with recent price movements of Bitcoin and Ethereum, CargoX ( (CXOBTC*BTCUSDT+CXOETH*ETHUSDT)/2 ) has been able to keep the price stable / rising.
After some analysis I figured the best way to look at its price was via USD as the coin will be bought by business for a set price in dollars.
Egyptian government announcement about CargoX and ACI system: www (dot) nafeza (dot) gov (dot) eg/en/site/aci-details
The upcoming event, Lets look at some numbers:
Egypt has an yearly average container port throughput of approximately 6.5M TEU
Lets take the conservative estimation that import/export is about 50/50; However, this source leans to more import than export:
3.25M TEU Yearly; About every 1.45 TEU requires a Bill of Lading document which costs 15$ worth of CXO:
So about 2.275M BoL yearly with a total cost of: 34.125M dollar.
Currently the whitepaper of CargoX states a 70% burn rate: Thus 23.9M dollar worth of CXO burned every year. Every year. From Egypt alone.
With these estimates CargoX is looking to have a very bright future, together with those who are holding the token.
Please let me know your thoughts about the estimation.
Sources:
Yearly TEU Egypt: www (dot) ceicdata (dot) com/en/indicator/egypt/container-port-throughput
Import/Export: unctadstat (dot) unctad (dot) org/countryprofile/maritimeprofile/en-gb/818/index (dot) html
Price BoL: help (dot) cargox (dot) digital/en/user-manual/documents-and-pricing/pricing-policy/#pricing-example
Burn rate / Bluepaper: (Burn rate: cargox (dot) info/files/CargoX-Business-Overview-Technology-Bluepaper (dot) pdf)
Forward Air CorpSideways trading channel of price action with RVI in the mid-range as well. Volume starting to drop down as we start to enter earnings week. More investors will start to reduce their exposure to risk this week.
Taking Advantage of Cargo movementCargo Airlines are taking over the skies. As commercial routes are no longer able to meet the demands of the logistics and transportations supply chain, cargo airlines are filling the gap.
In the end of last year Atlas air looked at ground 3 of its aircraft due to lack of demand with trade war tension and covid-19. As demand for cargo freighter remain high the reintroduce one of their B747 to take advantage of the opportunity.
As the price of the stock has rallied quickly looking for a retest towards previous supply zone would be a key target to secure an ideal entry price
Testing Support Atlas Air Worldwide is currently testing a major supprt level on the daily chart. The potential for the stock the respect this level is highly probably. Looking to see a touch and break up would confirm support of zone. Waiting to ensure stock does not break below will prevent exposure to risk to the downside
XPO Entering OverBoughtXPO is entering overbought areas on the MACD indicator potentially signaling that confidence in the company is regaining. After having been hit dramatically with China and US trade tension now optimism is rising as the need for medical supplies to be distributed has gone up.
