MRM 0.00% 33.0¢ mma offshore limited

Chart has short term potential, page-243

  1. 12,650 Posts.
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    Well as im in overtime of my thoughts to leading indicators if the market gets forward orders/investment in the sector  before common knowledge or is speculating those orders it maybe reflected in price for us common folk ?

    We dont know this as Austin points out this also should be shown in leading indicators sector wise ?

    This is WorleyParsons chart which is in the index .Im as much about looking for divergence in what we dont know being reflected price wise . Well i dont hence m,y metion of possible activity in exploration stocks or takeovers of explorers who have offshore assetts that maybe developed  .

    Lots of waffle maybe but im sharing as much thought as i can as others do for better commentary.

    Like you could slip say mce into the mix of service industry as the make something for offshore oil drilling .As far as i know is niche product. an excluder or something on the drill that   that helps blow back from pressure.  ?  

    I dont know exactly but if that stock moves maybe the order book is moving as well as we are transport also company for these types of things?  

    Anyway i mite work on a oil services industry chart see how we match up and if we get some leading indicators or thoughts for the fundamental people to share with us

    This is wor mrm overlay .Bit like new kid with a toy . Maybe useless after a day or be one they cherish for a lifetime .

    Like Susan has pointed out rig maintenance at some stage becomes essential .

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