TaPlot

$SAFE 8 Month #AscendingTriangle #ChartPattern Setup

Long
NYSE:SAFE   Safehold Inc. New
SAFE has had an amazing run rising over 3 folds after breaking out over $20 resistance level back in early 2019.
The stock has been consolidating these gains for the last 8 months forming an ascending triangle chart pattern. This is a weekly breakout setup with clear resistance area around $70 that has been tested multiple times. A clear daily close above that level would trigger a long entry trade and potentially ending the consolidation period and set the stage to a run to $100 round number.
The company is reporting earning in the next 6 days, so an entry might have to wait until that's out of the way.

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