SAFEHOLD: The safe investment aiming at 80.00 this year.
Safehold Inc is trading on a long term bullish Megaphone that is intact even during this pandemic crisis. It appears that the stock is surviving the market swings within a standard (but of course volatile) Triangle on the 1D chart (RSI = 48.416, MACD = -0.300, ADX = 28.460, CCI = -1.2586).
Since the start of 2019, each time the RSI hit the 35.00 level, a new Bull Phase within the Megaphone started. So far we have had 2, both of identical duration of 180 days (from Low to High) as well as % rise (+105%). Another common characteristic is that every time the Lower High (dashed) trend line, the new bullish wave was confirmed.
Based on the above, we have an end-of-year Target of 80.00 for SAFE.
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Since the start of 2019, each time the RSI hit the 35.00 level, a new Bull Phase within the Megaphone started. So far we have had 2, both of identical duration of 180 days (from Low to High) as well as % rise (+105%). Another common characteristic is that every time the Lower High (dashed) trend line, the new bullish wave was confirmed.
Based on the above, we have an end-of-year Target of 80.00 for SAFE.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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