Sector: Industrials - Marine Shipping | Country: Monaco
Company Overview:
Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the...
Safe Bulkers has formed 3 Rising Valleys with Hidden Bullish Divergence, and on the 3rd Valley, it seems to have formed a Bull Flag. Once it breaks out of the Bull Flag it will enter a Bullish BAMM that could take it up to the 0.886 all the way up to the 1.13 Extension as it enters an Alternate Bat Bullish BAMM.
Safe 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 drop, which is bullish. However, the right time to buy is on the...
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 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
I 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 climbing and my short term target is $5.32.
I have options at...
very interesting setup
the rejection at 4.45 does not seem as strong as the two previous times
if this reclaims 4.25 I would anticipate a break of 4.45
volume during this consolidation has been huge so I would expect a powerful move to the upside if 4.45 breaks
Valuation
Market Capitalization
325.68M
Total Shares Outstanding (MRQ)
105.398M
Sector: Transportation
Industry: Marine Shipping
Safe Bulkers, Inc. is a holding company, which engages in the ownership and operation of dry bulk vessels. The firm offers marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore. Its...
