Thursday, November 9, 2023

Chart: SBS

 

SBS Transit

Immediate support near Fib 0.5 (2.36)

Lower support near Fib 0.236 (1.75)

Cycle of change may occur near Feb 2024

Fair value seems reasonable near 2.3x range, but dividends on the low side in current environment.

May wait for lower support 1.7x to enter if opportunity presents.

As always, gentle reminder to dyodd.