SFL Corporation Ltd

In a Stage 2 advancing uptrend with higher highs and higher lows intact, the corrective pullback has held support at the rising 9EMA and 21EMA. Price is tightly tracking above the EMAs, with neutral RSI and no exhaustion, presenting a favorable entry on the pullback. Overhead supply near the 9/21 EMA and 50 DMA creates moderate stage transition risk, warranting close monitoring.

• ↑Q1 revenue of $174M and EBITDA of $108M underline operational resilience
• ↑$4.2B charter backlog, with two-thirds from investment-grade clients, ensures long-term cash visibility
• ↓The Hercules rig remains idle in Norway, incurring stacked costs and eroding cash flow