PSA Win Looking Good for Higher

25 בינו׳ 2023

I carved out a win today on PSA to start a trend off the Weekly 50% Level. This has a chance to run based on the technical setup as well as a possible secular bull trend if one believes people will need to store their stuff into a housing crunch.

The initial trade began on a 30 minute timeframe spike (which unfortunately was not caught on Tradingview data). With a stop just below the spike low of 1/19/23 I was able to play the position to a conservative high retest. Now I am keeping on shares as runners.


Incidentally... PSA has held a major 50% pullback before on the COVID low. The entry point now is the 2016 high of that trend that created said pullback. This is a great level to take long.