SFL Corporation Ltd

In Stage 2 advancing corrective reset, price has repaired and is tightly tracking above rising 9EMA and 21EMA and approaching the 50DMA. The absence of overbought or exhaustion signals and broad support across EMAs suggest bullish asymmetry. Pullbacks into this confluence present favorable entries now, warranting a buy on the pullback while monitoring for transition risk into Stage 3.

• ↑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