Public Storage Trading Analysis (14/10/2024)
The trend is up. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator's moving averages are out of the oversold zone. The stock is trading in the range between 365 and 135 ЕМА.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 340.80.
- Price targets at 354.70 and 364.50.
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