Costamare Bulkers Holdings Ltd

In a Stage 4 decline, active Support Failure confirms distribution and downside control, with price below declining short EMAs and 50 DMA. While the long-term uptrend remains intact, near-term momentum is unfavorable. We defer additional sell exposure, looking to sell into strength on rallies back toward the 21/50 EMA region, with support near the 200 DMA.

• ↑Q1 net income of $9.9M and management income of $12.4M signal resilience
• ↑Net positive cash ~$130M (cash $270M against $140M debt) underpins stability
• ↓Ongoing legacy portfolio positions still affect Q1 results and margins