SamSuka
The Long Investor
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$PSA - WATCHLIST

I highlighted $PSA last week and said that I have been really impressed with this chart and on last weeks chart I have uploaded the longer time frame and you can see the potential.

The main attraction to this chart is seeing how well this is holding the 0.618 Fib for Wave 2.

The price has only momentarily lost this level this week but regained it very quickly, showing  again that the bulls are trying to defend this level.

I will continue to monitor this but I am impressed with its strength.

$PSA - WATCHLIST

Comments

Can you point out the 5 corrective subwaves here within 2? How do we know this isn't just A and we still have B/C to go for the corrective wave? or is this just ABC of wave 2

Brian

Nice selection ! Thanks !!

Luc

Same boat, captain

Frederik Dalgaard

UBS?

Frederik Dalgaard

I am in heavy with $PYPL, I won't ignore $SQ if it comes down to the Covid low and as a pure bank play, I like $BAC down to $24.50

Gareth Neary

There is a trend here Kritstof!

Gareth Neary

I am really watching this one closely too. I truly believe that as soon the Fed starts to cut rates high quality REITs and banks will be the next big winners. They have been crushed lately... there must be great deals. It would be nice to highlight the best deals within these sectors. PSA is probably one of them. Which bank stock should we have on our watchlist ? I like First Horizon...

Luc

Added a first position this week

Kristof Van Nevel


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