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pstowe
Jan 30, 2019 4:51 AM

EXR: MAJOR SHORT SET UP Short

Extra Space Storage IncNYSE

Description

After reaching new highs in 2018, a major bearish divergence has formed on both the MACD and RSI. This can be seen by a much lower reading on the indicator, yet a higher high made by the price. Also, an ascending wedge has formed, which will likely lead to major downside upon crack of the lower support trend line.
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