15 Dec, 23

A Hot Stock to Play the Offshore Drilling Boom

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As you may know, I am someone who rarely uses a chart pattern or signal as the basis for a trade. I tend to do “top down” analysis, meaning that I start with the big picture, the economic and fundamental conditions, then drill down to individual companies that those conditions suit. Once I have settled on how to trade my view, I do look at the chart, but it is more about looking for basic support and resistance levels off which to set entry and exit points than anything. Sometimes, though, I do things kind of backwards, starting with…

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