Safe Bunkers potential buying areaSB is close to reaching a strong buying area around the 0.5fib.
Waiting for completion of the M formation and bullish signs to confirm.
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About Safe Bulkers, Inc
Sector
Transportation
Industry
Marine Shipping
CEO
Polys Hajioannou
Website
safebulkers.com
Headquarters
Les Acanthes
Employees
1.07K
Founded
2007
ISIN
MHY7388L1039
Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.
Safe Bulkers, Inc. Announces Common Stock Repurchase ProgramSB: Safe Bulkers, Inc.
2022-06-21 16:05:00
Safe Bulkers, Inc. Announces Common Stock Repurchase Program
5/25/22 SBSafe Bulkers, Inc. ( NYSE:SB )
Sector: Transportation (Marine Shipping)
Market Capitalization: $571.751M
Current Price: $4.72
Breakout price: $4.85
Buy Zone (Top/Bottom Range): $4.20-$4.35
Price Target: $5.55-$6.00
Estimated Duration to Target: 287-295d
Contract of Interest: $SB 1/20/23 5c
Trade
Safe bunkers creating potential topSafe bunkers seems to be creating a top formation.
For a potential buy at least wait for a new bullish structure on support.
Reasoning:
Uptrend broken (black arrow)
Bearish divergence with the RSI (green arrows)
In the process of creating a lower high
However, we did create a W-formation after the
Possible move to $5 zone Short term swing play . Prediction is based on the the indicator strategy (look to yellow circles and price action on the chart)
Not financial advice .
SafeBulk - Bought into the which is in the shipping industrySafebulk is in the shipping company and it is not is one of the hot industry that is recovery in COVID-19.
I see this industry to recover in coming years. Vested
Potential Breakout for SBLooks like we'll be testing the resistance after coming out of a healthy .5 retracement. Looks like there's enough push to get this to the next level.
SB: Ascending Triangle (42%)Confirmed ascending triangle on the daily.
All indicators are Go!
Price target = 6.75$
Stay humble, have fun, make money!
SB making its breakoutI had set a marker that if SB crossed up the 3.5 price, then we had a chance for a breakout. Well that happened a few days ago and the price has been climbing with good volume. the first test will be at $4.43 as there's been resistance here previously. But it is passes through that it should keep
$SB pattern from Feb/March repeat?Noticed the very similar swing high off the flag yielded a double in the first half year? Repeating again?
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
