From what I have read the financial position of this company is very strong. They started the year off with some key acquisitions that will provide future growth for the company. They have had consistent record breaking revenues and net incomes. I cant understand why the company is so beat down.
NYSE:PSA is on the radar for a bear flag entry with a possible trend reversal. Earnings coming so this could interrupt the idea so really gonna wait and see how it plays out after earnings day to enter a trade if at all.
After the fed meeting on Wednesday announced they would not continue to raise rates, PSA zoomed to new highs. Ignoring the MACD and RSI divergence. This is a rare signal named Hound of the Baskervilles signal after the Sherlock Holmes novel. It is an incredibly strong signal that indicates something fundamentally is changing in the market. In this case it seems...
