EXR has been experiencing a downtrend over the past three months, but it is now forming a strong bullish reversal pattern known as a falling wedge. If the price breaks above the blue dotted line, it would trigger a long position.
The relative strength index (RSI) is showing bullish or positive divergences, indicating that the price may move up. Additionally, the moving average convergence divergence (MACD) indicator is displaying positive divergences and a positive cross, further supporting a potential upward movement.
Yesterday, the stock had a significant gap down but managed to rise throughout the day. This suggests that market makers are becoming involved in the stock, which is considered a positive sign.
To manage risk, a stop loss can be placed below the recent lows to protect against the potential downside.
The relative strength index (RSI) is showing bullish or positive divergences, indicating that the price may move up. Additionally, the moving average convergence divergence (MACD) indicator is displaying positive divergences and a positive cross, further supporting a potential upward movement.
Yesterday, the stock had a significant gap down but managed to rise throughout the day. This suggests that market makers are becoming involved in the stock, which is considered a positive sign.
To manage risk, a stop loss can be placed below the recent lows to protect against the potential downside.
Consistency is the key of success....