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SBLK Resistance at $26.75

Written By: ChartChamp

June 27, 2024

SBLK has been trading near the highs of this yellow zone, and is facing resistance around $26.75. Once SBLK forms a bullish breakout above $26.75 the price could start to trend up towards $77.57. For now it’s still early, and I don’t see anything exciting happening until SBLK climbs above $26.75. This is an insider trade taken by Senator Tuberville, who seems to know what he’s doing. This is also a long-term trade that will likely take several years to play out. SBLK has previous all time highs around $1,000 per share, so patience could pay off for some nice ROI with this investment.

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