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Public Storage Trading Analysis (29/01/2024)

29.01.2024

Market Review

The trend is ascending, the downward wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The stock is traded in the range between 365 and 135 ЕМА.



Trading idea:

Buy when the formation of the ascending wave structure begins, when the A-wave breaches the sloping channel of the downward truncated structure.

Stop-Loss at 287.30.

Target price levels at 295.75 and 306.90.

#publicstorage #stock #stocktrading #tradingstrategies #tradingmt5

Author: GC
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