SFL (Ship Finance Int’l Ltd) will offer an objective long entry on a break above this downtrend line and/or the 200-EMA & intersecting 8.50 price resistance just above. The “and/or” part means that one could take a starter position on a breakout above the downtrend line, adding if & when the 200-day EMA & 8.50 “B.O.D.” intersecting resistance levels are taken out. Currently, SFL is testing both the downtrend line & 200-day SMA (both resistance). Stops will depend on one’s average entry price & preferred price target(s). Daily chart below.
SFL daily Dec 3rd