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Black Gold Industry Discussion

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thinkpad
    20-May-2026 17:22  
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That's why the MBJ is key transformation to Geo. Even without production, just collection toll fee from other miners, and the earning is already attractive and warninga maybe more than in some past years
 
 
pool100
    20-May-2026 17:11  
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Blood bath. Geo broke support of 50. Total collapse. Likely will head to 40 next.
 
 
tccroy
    20-May-2026 17:10  
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I can notice that many panic investors rushing to sell during the closing stage to get rid of Geo to cut loss. They feel relief when their Geo were sold but BBs and shortists were seen grabbing the cheap durians at 49 and it ends up 49 becomes the buyers quote.

Tomorrow will be another different story. Let's watch tomorrow
 

 
JurongW
    20-May-2026 16:54  
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GEO has slipped into bear territory, down over 20% from its recent peak of 67.5 cents
Exercise caution as this could be a classic case of catching a falling knife.
 
 
pursuer76
    20-May-2026 16:54  
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if aug results can surpass expectations, share price will jump again.
 
 
tccroy
    20-May-2026 16:46  
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Support level is at 50
 

 
yoga123
    20-May-2026 16:22  
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Looks like Prabowo is controlling commodity exports which is having a domino effect for the industry.

Cadence88      ( Date: 20-May-2026 15:45) Posted:

Likely more due to what Prabowo is trying to do to support rupiah ...

 
 
JurongW
    20-May-2026 16:15  
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Three Black Crows pattern
The Three Black Crows is a bearish candlestick pattern that signals a potential reversal of an uptrend, marked by three consecutive long red candles closing progressively lower. It&rsquo s often seen as a strong indicator that sellers have taken control and a downtrend may be starting.

JurongW      ( Date: 20-May-2026 14:14) Posted:

Weekly chart


 
 
Cadence88
    20-May-2026 15:45  
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Likely more due to what Prabowo is trying to do to support rupiah ...
 
 
ETHunter
    20-May-2026 15:07  
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The buyers are quite atas investors and will not take small profits i think.
Check it out who are these ppl.. dyodd.
 

FOREVERFREEDOM      ( Date: 20-May-2026 14:33) Posted:

Can those private placement of 35m shares be sold when price range above 0.6+? since their cost only 0.525. With high trading volume in May, would it possible for them to unload all? Or, there is restriction clause to hold it for certain period?

ETHunter      ( Date: 20-May-2026 14:07) Posted:


5.25c is the pte institution placement price. 
Now all investors can get same or cheaper.
Wonder what these institutions thinking now..
Dyodd.
 


 

 
alanchee
    20-May-2026 14:44  
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Bought at 515
 
 
FOREVERFREEDOM
    20-May-2026 14:33  
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Can those private placement of 35m shares be sold when price range above 0.6+? since their cost only 0.525. With high trading volume in May, would it possible for them to unload all? Or, there is restriction clause to hold it for certain period?

ETHunter      ( Date: 20-May-2026 14:07) Posted:


5.25c is the pte institution placement price. 
Now all investors can get same or cheaper.
Wonder what these institutions thinking now..
Dyodd.
 

 
 
JurongW
    20-May-2026 14:17  
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Possible to have taken profit when share price went above 60 cents?

ETHunter      ( Date: 20-May-2026 14:07) Posted:


5.25c is the pte institution placement price. 
Now all investors can get same or cheaper.
Wonder what these institutions thinking now..
Dyodd.
 

 
 
JurongW
    20-May-2026 14:14  
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Weekly chart

 
 
Taylor
    20-May-2026 14:10  
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Indonesia bourse drop alot Hopefully 🤞 not toh Alot short
 

 
ETHunter
    20-May-2026 14:07  
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5.25c is the pte institution placement price. 
Now all investors can get same or cheaper.
Wonder what these institutions thinking now..
Dyodd.
 
 
 
JurongW
    20-May-2026 14:06  
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Updated version

 
 
JurongW
    20-May-2026 13:54  
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yoga123
    20-May-2026 13:48  
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I think 50 cents could be the neckline support for the Head and Shoulders formation.

yoga123      ( Date: 20-May-2026 11:27) Posted:

Technically, it seems that the big players are likely trying to form the right shoulder.

FOREVERFREEDOM      ( Date: 20-May-2026 09:24) Posted:

Break EMA 50 dy. G


 
 
thinkpad
    20-May-2026 13:45  
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In situation like this, what's more important is our action, sell, wait or buy the dip
 
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