SAFE - Continued insider buying and rising channelThe stock has held the 66.4 level and the 200D EMA level. You can see on the chart that 66.4 was a resistance level in 2020. Also, the paper is at the lower boundary of the rising channel and at the 100D EMA level, which gives quite a comfortable entry point with a relatively short stop. Analysts' average target is 87.6, which almost coincides with the ATH. Under positive market conditions, the stock's targets are as follows.
STOP - $66.3 (-6.8%)
TP1 - $76.8 (+8%)
TP2 - $84.7 (+19.2%)
TP3 -$102.9 ( +44.7% )
This is my personal opinion and not an investment recommendation
SAFE trade ideas
$SAFEPosition :
Entry price: 71.59
SL: 68.21 (-4.72%)
TP: 81.03 (+13.19%)
R:R: 2.79
Fundamentals :
Sector: REIT
EPS % Chg (Last Qtr): 87%
3 Year EPS Growth Rate: 91%
EPS Est % Chg (Current Yr): 30%
Sales % Chg (Last Qtr): 70%
3-Year Sales Growth Rate: 89%
Annual Pre -Tax Margin: 38.7%
Technicals
Cup with handle/Flag
$SAFE 8 Month #AscendingTriangle #ChartPattern SetupNYSE:SAFE has had an amazing run rising over 3 folds after breaking out over $20 resistance level back in early 2019.
The stock has been consolidating these gains for the last 8 months forming an ascending triangle chart pattern. This is a weekly breakout setup with clear resistance area around $70 that has been tested multiple times. A clear daily close above that level would trigger a long entry trade and potentially ending the consolidation period and set the stage to a run to $100 round number.
The company is reporting earning in the next 6 days, so an entry might have to wait until that's out of the way.
SAFEHOLD: The safe investment aiming at 80.00 this year.Safehold Inc is trading on a long term bullish Megaphone that is intact even during this pandemic crisis. It appears that the stock is surviving the market swings within a standard (but of course volatile) Triangle on the 1D chart (RSI = 48.416, MACD = -0.300, ADX = 28.460, CCI = -1.2586).
Since the start of 2019, each time the RSI hit the 35.00 level, a new Bull Phase within the Megaphone started. So far we have had 2, both of identical duration of 180 days (from Low to High) as well as % rise (+105%). Another common characteristic is that every time the Lower High (dashed) trend line, the new bullish wave was confirmed.
Based on the above, we have an end-of-year Target of 80.00 for SAFE.
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$SAFE:NYSE - SAFEHOLD INC- Up 200%+ in 12 monthsSAFEHOLD has continued to trend upwards throughout the current market turmoil. A 12% trailing sell would have netted you around a 233% gain with only 2 re-buys which is pretty good considering how turbulent the market has been. Could be worth a watch.
Safehold Inc. operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The company's property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures.