Live monitoring of the Rectangle setup on PSA. See where price is heading.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bullish continuation pattern.
Market participants tracking Public Storage should note the latest formation. Price has moved to $303.13 (0.09%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $313.51, targeting $364.03 with support near $288.25 (R:R 2.0).
What is your outlook on PSA?