After 3 years, I'm reaccumulating and holding SFL primarily for my dividend portfolio for fundamental reasons, however, I am using weekly charts to plan my potential take profit zones. I may adjust this plan if I see aggressive distributions at different price levels in 2024 or beyond. If the fundamental narrative holds out, I'm not afraid to average down in the 7-8 range, but I may exit the position if those accumulation zones do not hold and I am looking to harvest a loss. This is not financial advice; I am simply sharing for educational purposes and to practice my analysis.
Daily / Weekly trend validated using 12/26/200 EMAs
Daily / Weekly trend validated using 12/26/200 EMAs