Here’s my only trade today, and it comes in Diamond Offshore Drillers (DO). I love the inverse head and shoulders pattern we are getting here, and I think that it should, at the very least make a push above $75. We have also seen some strength out of other offshore drillers recently, like Hornbeck Offshore Services (HOS) that has a beautiful bull flag pattern in the works.
Here is the DO trade setup.
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