Beautiful 5-wave move off the 2020 low for Wave 1. Now working on Wave 3. Stunning C&H pattern with an inverse H&S to boot. Share price heading towards triple digits. Industry tailwinds are strong.
VTOL will benefit from the resurgence in offshore drilling as their fleet of helicopters becomes more in-demand. Also, the chart is technically beautiful. Clean 5 waves up off the COVID low, followed by a kiss of the 50% retrace. Sell zone is $175-290. The sell zone will narrow as time goes by.
Call it whatever you want: an inverse H&S or C&H, it is bullish. Fundamentals are strong with the offshore recovery. Trading at a deep discount to NAV. Excellent management team. Not financial advice.