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Safehold Inc. ( $SAFE ) – stock is trading under 50 dollars as of July 5th , 2019 and offering a possible buying price between $31.18 – $32.74. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a breakout in the middle of February.
3. The stock had a solid run after the breakout.
4. Then the stock consolidated the gains for couple of weeks.
5. Then it had a quick, but impressive gains.
6. The stock appears to be in another quick consolidation, now.
7. The stock found support at the 50 day moving average throughout the run.
8. The stock also witnessed heavy accumulation volume.
9. The stock is offering possible buying price between $31.18 – $32.74 with a stop loss price at $28.69.
