Sunday, March 11, 2018

Ion Geophysical is a company that surveys the ocean, mostly for oil and energy companies. The reason they're up right now is they provide products and services for the upcoming oil rush, in much the same way shovel companies supplied the gold rushes in the past.

I like the pattern in this picture. I see a jump about every 45 days, or half quarter. Based on this pattern I see $34 a share by the end of March.

In the long run, I see Ion Geophysical getting closer to $100 a share based on what they do and how hard ahead they are of the other companies that do similar.

Mostly, I like the consistient stair pattern. It looks safe to take short gains with.

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