Safe Bulkers, Inc
Singkat
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$SB H&S break with more downside

85
Some strong support but still potential downside to complete the pattern.
Dagangan aktif
H&S neckline breakdown confirmed and macro correction pushed SB past significant resistance at 3.80-4.00 to continue downtrend.

Next resistance at 3.4 followed by final chance of a bounce at 3.15 area to complete measured move.
Nota
Big bounce at 3.4 today and reclaimed 3.5-3.6 support zone.

Volume on decline is not convincing. H&S breakdown likely invalidated.
Dagangan ditutup: sasaran tercapai
SB continues to chop b/t our two support zones. Consolidation shows lower highs and lower lows which may indicate bearish momentum.

Original H&S price target is invalid.


Nota
Lost $3.40 support today with next major support at $3.14

Penafian

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