VTOL: Prepare for lift-off, triple-digit share price

Long

Bristow Group, Inc. (NYSE:VTOL)

Updated

NYSE:VTOL Bristow Group, Inc.

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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.

Comment:

Nice move over the last couple of days on the heels of the announcement that VTOL was awarded a $700M contract with the Irish coast guard. Thesis and $150+ price target by end of 2025 still in tact.

Comment:

So far so good. Fairly safe to say the bottom is certainly in at this point. Well on the way to a triple digit share price.

Comment:

Well on track.

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